Yen Daily Fundamental Analysis

[myregister]

Yen exchange rate movements in the middle of the European trading session today still persist in the position of strengthening against the US dollar after two days previous trading experience strong pressure.

 

The positive sentiment that still provide power this afternoon from Q3 GDP final data released by the Cabinet Office of Japan which describes the condition of the Japanese economy is not so experienced recession after the previous estimate last month indicates contraction. Japan's GDP rose 0.3 percent in the quarter ended in September 2015.

 

Although in the spot market are trying to strengthen the US dollar index against major currencies by the sentiment of data jolts Job Openings tonight, but the sentiment of Japanese Q3 GDP was stronger and make movement of the USDJPY pair retreat on the second day of this week.

 

Yen movement on USDJPY at the middle of the European session to strengthen against US dollar, for the next trade, it looks like USDJPY will continue to fall to as low as 122.78, but if there is a correction can again rise to the level of 123.57

[myregister]

USDJPY opened at 125.55 stronger than last friday's movement thanks to BOJ policy USDJPY still continue its rally in this Asia Session since last friday. But it seems USDJPY find it no any power to rally higher since there's just few fundamental support in Europe session and it start to correct the price. There is a potential that USDJPY may rebound to higher level waiting for the other fundamental news from USD that many expert said will show a good time.

[myregister]

USDJPY movement in the Asia session moving down after weak opening at 117.74 in early trade and is now at 117.68. Yen lifted again by the market's view of the Chinese government's efforts which are still lacking to restore financial market, but the data was overshadowed by poor current account in November.

 

Evening session is expected yen will be corrected by the recovery of China's increasingly projected to be stimulated again by the central bank today. USDJPY is estimated to be has a support level at 116.95 and the resistance level at 118.29.

[myregister]

USDJPY pair in this Asia session seen moving up after the opening at 113.41 in early trading. Since Asian session has opened Japanese Yen is consolidating against USD after the weekend collapse of a 15-month peak by the improved performance of USD stock market index and Europe over the weekend which supported the rise of exchanges Asia this morning.

 

The market is still looking at the Chinese financial market trading after the holiday week of trading by the Chinese New Year as well as foreign trade data. If the market is not conducive then Yen potentially be hunted again by the market as a safe haven.

[myregister]

Yen is a safe haven currency and still showing its power up to now, plus China's trading condition based on its latest economic data which is worsening than what analyst expect before drive this currency to the new level at around 112.92 lower than before when opening at 113.45. My prediction is that this pair may rebound and goes at around 112.50, since there are no good economic data to make more volatile condition.

[myregister]

USDJPY on Asia session moving down after opened above 113.821 on the early trading. Yen strengthening in the near end of Asia session is successful thanks to BOJ which decided not to change the interest rate and after that Yen is skyrocketing against Dollar. But tonight, if PPI and Retail Sales were bad just like many analyst forecast then USDJPY will even fall further. So if that was about to happen, USDJPY may fall to around range 113.286 but if not 144.282 become the highest target.

[Latham Lapard]

 

EUR/JPY has been pushing continuously towards 125, but has failed to break it through, so till that level is not crossed, we will be better off with shorts, but need to have SL set at 125 to avoid any major damage especially with some huge events to come during the week!

[Latham Lapard]

 

USD/JPY is now in great bullish trend and might continue for next few weeks, at least. It’s important that we let some recovery before going long again especially after the pair gained nearly 500 pips, it will be interesting to see where things head up come next week, but we just need to remain with the trend.

[tray22]

I guess am going to check this out in the right time it is the only way to trade this pair and succeed thou my first attempt to trade this pair was not successful it was a little confusing but I will rather learn to move on in the best direction

[Latham Lapard]

 

It’s great opportunity to have long trade activated, we might be witnessing strong bearish trend, but we sure this isn’t lasting for long to what we see through fundamental events taking last over the next few weeks, so perfect time for long trades.

[Latham Lapard]

 

The week started off in routine fashion with bearish trend taking over from one of the rare bullish trend that pulled the pair nearly 300-350 pips, but the switching was rapid with back again to 106 within no time and is now pushing to pass inside 105.

[myregister]

USDJPY pair movement in the Asian session moves weaker after opened higher at 106.16 in early trading, and was down around 0.3% and the value of the current price is at 105.83. In previous session Yen rebound back by profit-taking committed by investors after the dollar hit a three-week highs against the yen the previous trading. Market profit-taking weighed Japan's central bank is expected to loosen its policy welcomed the stimulus package provided by the government.

 

By this analysis, USDJPY is still has some potential to go down and may target the level around of this level 105.21-104.84, but if it is not until the range can go up again to the range of 106.61-107.58 since the sentiment is quite strong.

[myregister]

Ahead of the announcement of the Japanese central bank's monetary policy this morning, the exchange rate of the yen is getting stronger than the previous trade. The strength of the JPY's rally this morning come from the consolidation of some economic data releases that showed improved performance in both the labor market and retail sales of the country.

 

Some Japanese government agencies today report some bit of data that describe economic conditions in the cherry country. The data are encouraging for further JPY's rally is data unemployment rate is down and retail sales data that the contraction diminishing.

 

For the movement of the pair until the end of the evening session trading potentially strong, so I expect USDJPY pair can then be dropped into the range 102,97-102.28. But if it is not up to that range, then the pair could climb back up to the range 105.61

[myregister]

Movement of USDJPY in the Asian session is weakening with the price was moving to lower price after opening flat at 102.331 in early trading, and the rolling price is at 102.333.

 

Japanese Yen at Asian session moving end of consolidation since the beginning of trade and tend to go negative by some profit-taling conducted by the market after successfully reaching the top 15 against US dollar. However the gloomy USD fundamental triggered Yen back once again.

 

It seems that USDJPY still fall down to level of 101,701 up to 101,105, but if it does not reach these ranges can go up to the range of 103,486 to 103,502. So that the normal range on USDJPY pair is estimated to have the support level at 100.858 and the resistance level at 103.900

[myregister]

USDJPY pair movement in Tokyo session after a strong move to opened higher at 102.38 in early trading , and the value of the rolling is at 102.505. Japanese Yen end of the Asian session moving consolidation since the beginning of trade and tend to move negative by weak economic fundamentals of Japan after BOJ stimulus and also poor manufacturing performance data of the country last month.

 

Technically USDJPY still can rise to the level of 103.202-103.851, but if it is not up to the range can descend again into the range of 101.907-101.465. So i argued that the normal range of USDJPY pair is estimated to have the support level at 101.000 and the resistance level at 104.420.

[myregister]

The movement Yen in European session weaker against US dollar, USDJPY opened higher at 100.901 in early trading and rose 0.3%, for a while the rolling value of this pair is at 101.183.

 

Yesterday Shinzo Abe has announced a stimulus package to revive the Japanese economy is teetering on recession so that later 22 million low-income people will receive cash aid for ¥ 15,000 each, as well as to finance reconstruction projects in the southern region after the earthquake in April.

 

For the movement of USDJPY until the end of the evening session trading is potentially strong, so it seems USDJPY may rise to around 101.702-101.982. But if it is not up to that range, then the pair may fall back to around 100.520.

[myregister]

The movement of USDJPY pair drifted lower in Asian session after opened higher at 101.25 in the early trading, and the rolling value of this pair is at 101.381.

 

Japanese Yen in the European session since Asian session continued to show weakness and potentially weaken further if US dollar strengthening based on the fundamental indicator. But if US data lifted the yen will be corrected again.

 

Technically USDJPY still can rise to the range of 102,047 to 102,385, but if it does not reach these ranges can be down to 100,568 to 100,077. I argued that the normal range on USDJPY pair is estimated to have the support level at 99,619 and resistance level at 102,842

[myregister]

USDJPY pair movement in the European session were weak especially since the price also opened lower at 101.211 in early trading, and the value of the rolling is at 100.940, seeing more weak trend for USDJPY pair.

 

But, Japanese yen will be still remains in the top European session against US dollar weighed NFP data release tonight alarming fed rate hike expectations this year. But if NFP data is positive then the US dollar will be raced and beat yen.

 

Technically USDJPY still can get down to the range of 102.048-102.386, but if it is not until these ranges can descend again into 100.565-100.071. The normal range on the USDJPY pair is expected to have the support level at 99.832 and the resistance level at 102.262.

[myregister]

The movement of the yen in the European session weaker against US dollar, and it seems that USDJPY opened higher at 102.002 in early trading after that rose 0.4% and the rolling value of this pair is at 102.360.

 

Japanese yen exchange rate movements in the European trading session on Monday is still not able to get up beat its main rival which is US dollar after briefly rose in early trading. The yen's strength could not resist the influence of strong US NFP data last week that raised expectations of Fed rate hikes this year.

 

For the movement hing pair USDJPY pair subsequently can only rise steadily to around 102.751-103.955. But if it is not up to that range, then USDJPY may fall back to around 101.062 or even lower.

[myregister]

The movement of USDJPY pair moved positively in the Asian session after opening lower at 102.44 in early trade, and is now rolling is at 102.42. Japanese Yen in early Asian session trying to rebound after two consecutive days' pressure from US dollar by the sentiment of US jobs data last week that may provide power to the Federal Reserve to raise interest rates. Yen experienced a technical rebound after rising to the position of reinforcement 5 days.

 

Economic data which could be the catalyst driving today received negative sentiment from some of the data that is less steady as money supply M2, the Prelim data of machine factory orders. Looks like USDJPY will fall to the range of 101.913-101.591, but if it is not until the range can go up again to 102.712-103.057

[myregister]

Fading expectations of further interest rate hikes of Federal Reserve this year after the end of last week rose by solid US NFP data last weekend in July, making the yen managed to rally until the European session forex trading Wednesday. The strengthening of the yen was also supported by data that core machinery orders jumped exhibited significantly.

 

The movement of the yen in the European session is strengthening against US dollar, USDJPY in EU session opened lower at 101.88 in early trade and the rolling value of this pair is at 101.240. For the movement of UJ until the end of the evening session trading potentially weak, so UJ may fall further to range between 100.930-100.653. But if it is not up to that range, then the pair can rise back to around 102.032.

[myregister]

USDJPY pair movement in the Asian session after a positive move opened lower in early trading 101.288 , and now the pair is at 101.416. Japanese yen opened higher on Asian session this morning entered corrected by the quiet post-holiday trade Japanese stocks commemorate national holidays Mountain Day.

 

The movement of consolidation since the morning but the pair bit of a hike by the Kuwait news trim Asian oil prices to four-month lows. Technically USDJPY to drop to the range of 100.750 - 100.320 but if the correction is not happened until the afternoon the price then may rise to between the range of 101.750 - 102.140. So the normal range on USDJPY pair is estimated to have the support level at 99.842 and the resistance level at 102.531.

[myregister]

Japanese yen opened lower in early trade on Asian session and continue the weak trend movement by fundamental data which is quiet enough after the post-holiday commemorating the Japanese stock exchange, Mountain Day yesterday. At the evening session the yen is expected to be less favorable if US economic data tonight showed brilliant performance of US economy.

 

Technically USDJPY will continue to rise into the range of 102.355-102.645, but if it does not reach this range then the pair will move back down to the range between 101.161-100.820. So the normal range on the USDJPY pair is estimated to have the support level at 100.152 and the resistance level at 103.052.

[myregister]

Japanese yen opened higher in early trade on Asian session weaker after the government announced the Q2 GDP this year is lower than the previous quarter. The US dollar was weak fundamentals have experienced a technical rebound and the yen would be a negative move until the American session.

Technically USDJPY will rise steadily to around 101.77-102.33, but if it does not reach this range then the pair will move back down to the range of 100.77-100.02. So i argued that the normal range on the USDJPY pair is estimated to have the support level at 99.78 and the resistance level at 102.85.

[myregister]

The Japanese yen opened higher in early Asian trade before moving rallied after trading hit by Q2-2016 GDP data. Rebound early trading occurs because the market worried about the global economic conditions not seen yet strong action from the government amid the bad country's growth, thus strengthening yen as a safe haven trade.

 

Technically USDJPY will continue to fall into the range of 100.25-100.06, but if it does not reach this range then the pair will move back up to the range of 101.421-101.732. So normal range on the USDJPY pair is estimated to have the support level at 99.850 and the resistance level at 102.121.