USDJPY

USD/JPY bulls are playing with fire.The pair rose for the seventh straight day after the surprisingly strong US Services Purchasing Managers' Index (PMI) was released. A reading of 55.1 is the highest level in 26 months and well above…

USDJPY corrected higher since the beginning of the American session, and faced resistance above the 157.40 and 157.464 levels. Buyers turned into sellers against the level.From now on, the swing zone will be nearby resistance not only…

High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before…

UBS sees a potential shift in the currency pair's trajectory. Analysts at UBS suggest that the Japanese yen, which has been suffering significant weakness, may be on its way to reversing. These expectations are based on the growing…

High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before…

Basic overviewLast week we saw the USD/JPY pair fall following the US CPI report as the market shrugged off interest rate hike fears and consolidated the Fed hike for longer. The next day, the Japanese Yen started to lose strength again,…

High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before…

USDJPY fell sharply in the Asian session after breaking below the swing zone at 154.778 and 154.878. The decline saw the price move to and through another target area near 153.99 (we call it 154.00). The low price extended down to 153.595…

In this April 10 introductory video, I take a look at three of the major currency pairs from a technical perspective – EUR/USD, USD/JPY, and GBP/USD. In this report, I also take a quick look at the USD/CAD pair after a stronger than…

USD/JPY daily chartThe pair has seen a very strong recovery this week, with dip buyers showing some courage. Japan intervened in trading last week to pull the pair down to 152.00, helped by some weak US data. But since then, one-way…