Dukascopy_Analyst

USD/JPY attempts to remain above the 112.00 mark

FX:USDJPY   U.S. Dollar / Japanese Yen
36 0 0
"The combination of comments from Kuroda and broader market moves are helping support the yen and that's why it's stronger."
- Wells Fargo (based on Business Recorder)

Pair's Outlook
Although neither technical level was breached yesterday, the USD/JPY             currency pair closed trade with a 79-pip loss. The immediate support cluster, namely the monthly S3 and the weekly S1, was put the test, but succeeded in keeping the Buck above 112.00 yen. The pair was unable to pierce this support through all of the month, but technical indicators suggest the exchange rate could drop below it today. In this case the next target will be the weekly S2 at 110.67, unless positive US fundamentals trigger a rally; the nearest resistance, however, is to remain intact.

Traders' Sentiment
Bullish traders' sentiment remains unchanged at 74%, while the portion of sell orders dropped 8% points lower, down to 74%.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out