Dukascopy_Analyst

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%).
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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