Dukascopy

USD/JPY anchored around 119.40

FX:USDJPY   U.S. Dollar/Japanese Yen
92 0 0
"The Japanese yen             could outperform amid a continued retreat in expectations for further near-term BOJ easing. This would leave the currency well positioned to benefit from any softer U.S. data flow or rise in risk aversion. Tactically we favour USD/JPY             shorts."
- CitiFX (based on Reuters)

Pair's Outlook
The Greenback retreated from intraday losses on Monday, after having slumped nearly 150 pips. Today the USD/JPY             is located in a rather small trading range between 119.10 and 119.80, the two clusters that attempt to hold the pair's volatility. Technical studies again are not in favour of any specific outcome, whereas the 55-day SMA's breach of the 200-day one to the upside three weeks ago suggests the Buck might soon rebound. However, no sharp movement today is expected, but the bullish momentum is still likely to prevail after an unexpected plunge on Monday.

Traders' Sentiment
Less traders are confident in the US Dollar's ability to outperform the Yen, as 61% of them hold short positions (previously 59%).
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out