Yen Daily Fundamental Analysis

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In the middle of the European session forex trading this afternoon there has been no sign of the previous trading rally to continue, it is natural profit taking to respond to the warning the Japanese government. In early trade, Masatsugu Asakawa issued a new warning will be devaluation of the government if the yen rises too sharply. Warning out after the yen forex trading Tuesday managed to rally quickly to reach their highest since trading in October 2013.

 

For the movement of USDJPY until the end of the evening session trading was potentially strong, so it is expected that further USDJPY may rise to a range between 101.250 to 101,852. But if it is not up to that range, then the pair may fall back to around 99.874.

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The Japanese yen opened higher in early trading Asian session rallied by trade balance data which is released above expectations for a decline, and previously strong US dollar by poor fundamental treatise respond Fed minutes overnight. Until the evening session fundamentals yen is still strong enough to support positive movement.

 

Technically USDJPY will continue to fall into the range of 99.53-99.36, but if it does not reach this range then the pair will move back up to the range of 100.73-101.25. So the normal range on the USDJPY pair is estimated to have the support level at 99.07 and the resistance level at 101.71.

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Japanese Yen opened Asian session lower by a stronger dollar sentiment after  New York Fed President statement that revived hopes of Fed rate hikes. aside from that still receives negative sentiment from the Japanese government warning will be devalued money if the yen rose rapidly.

 

It seems that USDJPY will rise steadily to around 100.50-100.73, but if it does not reach that target then the pair will move back down to the range between 99.51-99.22. so I suggests that the normal range of USDJPY today estimated to have support level at 99.06 and resistance level at 101.19.

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Yen in the Asian session opened lower by a stronger dollar sentiment after New York Fed President's statement that revived hopes of Fed rate hikes. Officials are confident the FOMC interest rate hikes will be conducted in September.

 

USDJPY will rise steadily to around 100.98 - 101.462, but if it does not reach this range then the pair will move back down to the range between 99.782 - 99.460. So analyst argued that the normal range on the USDJPY pair is estimated to have the support level at 99.13 and the resistance level at 101.97.

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USDJPY pair movement in the Asian session move negatively after opening higher at 100.330 in early trading. Yen on the Asian session moving strongly against US dollar after positively respond PMI flash manufacturing data releases were reported to show the data that increased expectation from 49.3 to 49.6.

In addition yen also strengthened by reports in the media that wrote Nikkei Japanese authorities will not intervene against the currency in the near future. Technically USDJPY will continue to fall into the range of 99.854-99.600, but if it does not reach this range then the pair will move back up to the range of 100.687-101.004. So it can be argued that the normal range of USDJPY pair is estimated to have the support level at 99.354 and the resistance level at 101.390.

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USDJPY pair movement in the Asian session (04:20:35 GMT) moved positively after opening higher at 100.24 in early trading.

 

Yen seems weak in Asian session moving to the US dollar by profit taking after two consecutive days rose. Yen's weak motion caused market participants will focus on gathering in Jackson Hole weekend to signal further Fed rate hikes. The strong US dollar makes yen sentiment so unattractive.

 

Technically USDJPY will rise steadily to around 100.60-100.90, but if it does not reach this range then the pair will move back down to the range between 99.92-99.62. So that today seem normal range on the USDJPY pair is estimated to have the support level at 99.35 and the resistance level at 101.23.

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Yen's price until the European session on Thursday (25/8) has been rebounded strongly sought after since the previous trading day until the Asian session weakened by the strength of US dollar. Technically, the movement of the USDJPY pair is very weak, but it is fundamentally tonight economic data to sustain the data is mixed.

 

Yen tried to strengthen even though the global market was expecting a new signal for further Fed rate hikes of Janet Yellen's speech at the Jackson Hole Symposium event that starts tonight. The dollar will strengthen again if tonight there is a strong signal for Fed rate hikes this year.

 

The movement of the yen in early European session (10:00:35 GMT) strengthened against the US dollar, USDJPY opened higher at 100.44 in early trading (0000 GMT) fell slightly and the value pair rolling at 100.40.

 

For the movement of the pair until the end of the evening session trading potentially strong, so USDJPY pair dropped to the range of 100.22 to 99.98. But if it is not up to that range, then the pair can rise back to around 100.80.

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USDJPY pair movement in the Asian session (04:20:35 GMT)move negatively after opened lower at 100.52 in early trading. This morning USDJPY pair has reached strong resistance range. Japanese Yen Asian session moving strongly against the US dollar will respond to market pessimism attitude Janet Yellen later tonight to give a strong signal to raise interest rates in September or December.

 

The yen's strength this afternoon successfully resisted the negative sentiment from poor Japanese economic data today as the inflation data in July. Technically USDJPY will continue to fall into the range of 100.20-100.02, but if it does not reach this range then the pair will move back to the range of 100.66-100.80. So the normal range on the USDJPY pair is likely to have the support level at 99.78 and the resistance level at 101.12.

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Japanese yen exchange rate movements throughout the trading forex market last week after a fourth weekly retreat in a natural consecutive week rally. Weak yen this week is predominantly influenced momentum US dollar strength after the US Federal Reserve through Janet Yellen and Stanley Fischer optimistic Fed rate hikes continued to be carried out this year.

 

In addition to strengthening US dollar sentiment, the yen weakened last week was influenced by the Japanese consumer price index data is still negative, aka deflation. This data that triggered the first drop in the value of the yen against the US dollar and some of its main rivals such as the euro and sterling.

 

For the movement of the yen this week there are important fundamental data and exhibited significantly affect. However, it should be noted also some economic data to be released this week as Household Spending, Preliminary Industrial Production, Housing Starts, Capital Spending, Final Manufacturing PMI and Consumer Confidence. All of the data is expected to show positive data unless the data Retail Sales which is putting pressure.

 

Technically, last week ended higher to level 101.82 The market this week will be among the resistance level at 102.59 and 103.56, as well as support at 99.65 and the 98.87.

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USDJPY pair movement in the Asian session (02:50:35 GMT) moved positively after opening lower at 101.91 in early trading. USDJPY this morning approaching the strong resistance range.

 

The Japanese yen had strengthened in early Asian session trading respond to economic data released showed positive data such as the data rate of unemployment, the level of retail sales and household spending data is Japan in July . But now corrected again by the market optimistic NFP data this weekend, so the yen weak back and tried to make a strong rebound USDJPY pair.

 

Technically USDJPY will rise steadily to around 102.35-102.55, but if it does not reach the range then the pair will move back down to the range of 101.58-101.21. so the analyst suggests that the normal range on the USDJPY pair today estimated to have the support level at 100.82 and the resistance level at 102.84.

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Japanese yen exchange rate to trade the European session on Wednesday (31/8) still in the area continue weakening earlier trade bearish. Sentiment which strengthening US dollar by the Fed rate hike a strong signal that suppresses yen before getting weaker by the comment of a Japanese government official Koichi Hamada.

Koichi Hamada said the central bank of Japan (BOJ) started buying bonds denominated in foreign currencies for Qenya program. This sentiment has further weakened the fundamentals yen last week also pressured by the government's attitude ready to trim the yen's strength.

The movement of the yen in the European session (06:50:35 GMT) weakened against the US dollar, USDJPY opened higher at 102.97 in early trading (0000 GMT). For the movement of the pair until the end of the evening session trading potentially strong, so it seemed USDJPY can then rose to around 103.45. But if it is not up to that range, then the pair may fall back to around 101.98.

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USDJPY pair movement in the Asian session (04:20:35 GMT / 11:20 GMT) negative move after opening higher at 103.430 in early trading .Yen on Asian session was still able to move strong despite the release of disappointing economic data such as data-quarter capital spending second and final manufacturing PMI in August lower than the previous period.

Markets focus on US dollar weakness sentiment by fears of NFP data tomorrow. Looks like USDJPY will continue to fall into the range of 102.953-102.757, but if it does not reach this range then the pair will rise to between 103.640-103.970. So the normal range on the USDJPY pair is estimated to have the support level at 102.141 and the resistance level at 104.392.

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USDJPY pair movement in the Asian session (04:20:35 GMT ) after a positive move then opened lower at 103.24 in early trading (0000 GMT), and now the pair are bearish enough. Yen was not able to strengthen the Asian session following the US dollar's main rival those under strengthened by the weak US dollar. 

 

Dollar continued to weaken overnight trading by doubt the market will be the US economic growth of the ISM data, as this would discourage the return expectations of Fed rate hikes this year. In fact this morning positive sentiment coming from the data consumer confidence Japan showing increasing scores despite being pessimistic area.

 

Based on that, USDJPY will rise to a range of 103.81-104.22, but if it does not reach the range The pair will then move down to the range of 102.63-102.24. So the normal range USDJPY pair is estimated will have the support level at 101.78 and the resistance level at 104.77.

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USDJPY pair movement in the European session (06:40:35 GMT / 11:20 GMT) move negatively after opening lower at 104.11 in early trading, and now this pair rolling values is at 103.46.

Yen actually managed to rally in the Asian session to end the Asian session and entry of European session this afternoon by the US dollar weakening momentum in conjunction with disappointment that the market will ignore the comment of Kuroda which make the market fears banks will not loosen policy after a stimulus program that was great.

Technically, the USDJPY will go down to the range of 103.04-102.20, but if it does not reach this range then the pair will move up to the range of 104.50-105.27. It looks like the normal range on the USDJPY pair is estimated to have the support level at 101.31 and the resistance level at 105.92.

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USDJPY pair movement in the Asian session (03:45:35 GMT / 11:20 GMT) moved positively after opened actually lower at 103.42 in early trading (0000 GMT), and now the pair is at 103.62.

It seems that Yen rise back in the end of the Asian session after a negative move in the middle of trade rose by Shinzo Abe's cabinet official statement that Japan will not take any action against its policy of waiting for what the Fed this year. The movement today tend to be consolidated.

Technically, the USDJPY continues to rise to a range of 103.90 up to 104.52, but if it does not reach this range then USDJPY will move down towards the range of 102.89-102.43. So the normal range on the USDJPY pair is estimated to have the support level at 102.89 and the resistance level at 102.43.

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USDJPY pair movement in the Asian session (03:45:35 GMT / 10:45 GMT) moved positively after opened exactly lower at 102.02 in early trading, and now it seems that this pair is at 101.44.

 

This Pair had dropped to a strong support and may try to test it. Japanese Yen moved back positive Asian session and the rally in the third consecutive day despite the data of foreign exchange reserves decreased Japan had put pressure. But sentiment bounce back from a data receiving Leading Economy Index is expected to be higher than the previous period and also the momentum of dollar weakness.

 

Technically, the USDJPY continues to fall into the range of 101.30-100.44, but if it does not reach this range then the pair will move up to the range of 103.11-104.20. So the normal range on the USDJPY pair is estimated to have the support level at 99.60 and the resistance level at 104.87

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USDJPY pair movement in the Asian session (04:15:35 GMT / 10:45 pm) is sluggish after opening lower at 101.74 in early trading (0000 GMT), and now the pair rolling value is at 101.58.

 

Yen actually moved back positively in Asian session and the rally in the fourth consecutive day that is supported by the strength of Japan's economic growth data for the second quarter increased from the previous quarter and is higher than expected rise.

 

Technically, the USDJPY continues to fall into the range between 101.15-100.44, but if it does not reach that range then the pair will move up to the range between 101.97-102.40. So the normal range on the USDJPY pair is estimated to have the support level at 100.18 and the resistance level at 103.03

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USDJPY pair movement in the Asian session (03:45:35 GMT / 10:45 pm) is sluggish after opened lower at 102.44 in early trading (0000 GMT), and now the pair is at 102.17.

 

Japanese Yen Asian session bounced back from the previous trading pressure to reconsider sentiment projection at the BOJ's monetary policy meeting next week. Yesterday reported back a BOJ official expressed effect of additional stimulus for the Japanese economy. In terms of dollars, today is expected to accept the negative sentiment.

 

Technically, the USDJPY continues to fall into the range of 101.85-100.94, but if it does not reach this range then the pair will move up to the range of 102.55-102.88. So the normal range on the USDJPY pair is estimated to have the support level at 100.36 and the resistance level at 103.82

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USDJPY pair movement in the European session (07:00:35 GMT) moving strongly against US dollar, considering that after this pair opened higher at 102.55 in early trading (0000 GMT), and now the pair rolling value is located at around 102.28.

Safe-haven yen on Asian session still managed to move positively as opposed to the dollar still has the support improvements Japanese economic data released since the morning. The release of positive economic data due to be above expectations but if lower than the previous period.

Technically, the USDJPY is expected to fall again into the range between 102.07-101.30, but if it does not reach this range then this pair will rise to the range between 102.77-103.21. So the normal range for this USDJPY pair today is expected to have the support level at 100.44 and the resistance level at 104.64.

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USDJPY pair movement in the Asian session (04:15:35 GMT / 11:15 pm) was moving strongly after opened higher at 101.86 in early trading (0000 GMT), and now the pair's rolling value is located at 101.95.

Yen in Asian session that had a strong move lower again by the pull of the dollar and yen fundamental sentiment itself. Solid manufacturing data from a survey by Japanese finance ministry and BOJ stance disappointment where will market the tug will next monetary policy makes yen attract each consolidation.

Technically, USDJPY could fall into the range between 101.25-100.73 if the current strengthening of the position does not reach the range between 102.35-102.96. So the normal range on the USDJPY pair is estimated to have support level at 100.08 and the resistance level at 103.44.

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USDJPY pair movement in the Asian session (05:15:35 GMT / 12:15 GMT) strong move after opening higher at 102.57 in early trading (0000 GMT), and now the pair is at 102.97. This pair have managed to penetrate strong resistance range.

 

Yen selling pressure unspoiled sizable by Japanese sentiment expectations of monetary policy next week that would cut interest rates again into the negative range. Encouragement safe haven not able to increase the value of the yen is down to lows of 7 days.

 

Technically, USDJPY continued to rise to around 103.25-103.60, but if there is a correction then this pair's price will come down to the range between 102.35-101.72. So normal range on the USDJPY pair is estimated to have the support level at 100.40 and the resistance level at 104.28.

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USDJPY pair movement in the Asian session (06:45:35 GMT / 13:45 GMT) strong move after it opened lower at 102.42 in early trading (0000 GMT), and now the pair's price is at 102.48. Previously this pair had reached the range of strong support.

Fundamentally, the Japanese yen is still gaining strength from BOJ stance that does not weaken interest rates again in the near future, and to improve its economy tries instruments other. 

USDJPY estimated to drop up to the range between 101.83-101.40 however if this pair failed then the range will between 103.05-103.62. So normal range for USDJPY pair will have support level the resistance level at 100.80 and 104.16.

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USDJPY pair movement on Asia session (05:30:35 GMT) observed to be sluggish after opened lower at 102.10 in early trading (0000 GMT), and now this pair is at 102.04. Previously, USDJPY had reached the range of strong support.

Before this pair was keep moving weak against US dollar by the lack of economic data as the fundamental driving force to against US Dollar. But before US dollar weakened against Yen as BOJ stance which is not expected to set negative interest rates to next week.

Based on analysis above it seems that USDJPY will drop to the range between 101.65-101.36, but if there is a correction then USDJPY will rise to the range of 102.20-102.60. So the normal range of USDJPY is expected to have support level at 100.87 and the resistance level at 103.42.

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Yen exchange rate movements begin forex trading early European session moves mixed week with gains going to trade against Euro and US dollar. The yen strengthened gets sentiment of waiting BOJ monetary policy provisions latest market expected this week will loosen its policy. Strengthening against the US dollar also happen because the main rival was a natural profit taking by prudence market will focus on global markets this week are two results of regular meetings of the world's major central banks, namely the Bank of Japan and the United States. 

Yen exchange rate movements of the European session (07:45:35 GMT) rose slightly against US dollar, USDJPY opened lower at 102.21 in early trading (0000 GMT), down 16 pips and value pair rolling at 102.05. For the next movement of this pair until the end of the evening session trading is potentially weak , so the USDJPY may dropped to the range between 101.70 to 101.37. But if there is a correction, the pair may rise towards to higher level and at most at 102.53.

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Yen exchange rate movements begin European forex session on Tuesday (20/9) with a very strong moves against US dollar also against several of its main rivals such as EUR and GBP also continued the previous trading. Sentiment waiting provisions latest BOJ monetary policy at a meeting tomorrow morning in the Asian session are strong reasons for the yen.

Strengthening against US dollar happen because the market expected BOJ's monetary policy announced tomorrow morning will not change. Last week many statements that arise both from BOJ and also from Japanese Government itself, which the statements shows the differences.

Yen exchange rate movements of the European session (07:50:35 GMT) strengthened against US dollar, USDJPY opened lower at 101.92 in early trading (0000 GMT), down 28 pips and rolling price at the moment is at 101.64. Until the end of the evening session trading this pair could weaken again, so the USDJPY pair may dropped to 101.49 and then to 101.08. But if there is a correction, the pair may rise further to 102.13.