Yen Daily Fundamental Analysis

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Yen exchange rate fell badly against all its main rivals including US dollar after the Bank of Japan (BOJ) announced a comprehensive monetary policy even though their interest rates unchanged in line with expectations of economists before. Some of these policies such as the deposit rate unchanged at a negative 0.1 percent, but the BOJ will target a 10-year interest rate and keep it in the range of 0 percent. In addition, the central bank kept the annual government bond purchases by 80 trillion yen per year with no maturity so that yields will hover around zero percent.

 

Yen exchange rate movements on Asia session (05:10:35 GMT) weakened against US dollar, USDJPY actually opened lower at 101.69 in early trading (0000 GMT) and later gained 86 pips and this pair is rolling value is now at 102.55 after having earlier climbed to 102.79.

 

For the movement of the pair until the end of the evening session trading could weaken the Fed's policy, so the athis pair may fall further to the range of 100.95-100.79 if the strengthening of the pair did not reach the range of 102.85.

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USDJPY pair movement in Asia ession (02:00:35 GMT) experiencing the strong move after opened lower at 100.30 in early trading (0000 GMT), and now the pair's price rolling value is at 100.35 with bullish tendency.

Yen rallied about third consecutive day trading and halted when entered Asia session where USDPY ​​technically rebound, but the European session will fall back if US dollar pressured again by negative sentiment from both fundamental of European region or data US unemployment claims.

Looks like USDJPY is expected to fall further to around 100.01-99.50 if the rate does not reach the pair strong resistance. So the normal range on the USDJPY pair is estimated to have the support level at 98.04 and the resistance level at 102.90.

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USDJPY pair movement in the Asian session (03:10:35 GMT / 10:10 GMT) after a strong move opened lower at 100.75 in early trading (0000 GMT), and now the pair's rolling value is at 101.21.

Yen continue its weakening movement for the second straight day after a safe-haven trade evaporated because Fed interest rate policy unchanged. Yen back to the weak fundamentals of BOJ monetary policy with a comprehensive stimulus indefinitely extend the maturity.

Fundamentally, it seems that USDJPY will rise steadily to around 101.32-101.65, the pair can be corrected to a range of strong support. So the normal range for USDJPY pair is estimated to have the support level at 99.95 and the resistance level at 101.80.

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USDJPY pair movement on Asia session (03:10:35 GMT / 10:10 GMT) strengthening against US Dollar after it opened lower at 101.04 in early trading (0000 GMT), and now the pair's rolling value is at 100.95.

Yen on Asia session managed to rebound after two consecutive days experienced high enough selling pressure, after seeing the US dollar is still difficult to move strongly by the dismal fundamentals of currency also BOJ last week's fundamental attitude still give negative sentiment.

It seems that USDJPY will continue to fall into the range of 100.63-100.35, and if successfully breaks then USDJPY continued to lower level. So the the normal range of USDJPY pair is estimated will have the support level at 100.06 and the resistance level at 101.87.

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USDJPY pair movement in the Asian session (03:10:35 GMT / 10:10 GMT) is moving strongly after opened lower at 100.32 in early trading (0000 GMT), and now the pair's rolling value is at 100.85.

Yen ended on Asian session with a way to weaken against the US dollar by the strengthening US dollar momentum after the debate candidate for President of the United States that provide plenty of support for Hillary Clinton. Additionally yen weakened by BOJ policy treatise that is ready to continue easing Policy.

Fundamentally, USDJPY will rise to the range of 101.10-101.70, but if there is a correction back during the American session later, the pair may fall back towards the range between 100,04-99.80. So the normal range of USDJPY pair is estimated to have the support level at 89.70 and the resistance level at 101.69.

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JPY pair movement on Asia session (04:00:35 GMT) is moving strongly against the rivals which is USD after opened exactly lower at 100.32 in early trading (0000 GMT), and now the pair is at 100.85.

It observed that Yen in late Asian session against US dollar weakened by the strengthening US dollar momentum after more support to Hillary Clinton than its rivals. But in European and American sessions can be slid back if the release of US economic data this evening to press Yen.

Technically, USDJPY will go down towards the range of 100.18-99.70. So it could argued that the normal range of USDJPY fundamentally based on this analysis is estimated to have the support level at 99.27 and the resistance level at 101.70.

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Yen exchange rate since the beginning of Asia session to European session on Thursday (29/9), still showing weak movements continue the trend two days earlier by selling safe-haven assets performed strongly considering trading market risk assets. Not only against US dollar, Yen was also observed to weaken against other rivals such as the euro, pound and aussie.

The last few days Yen despite pressure from the US dollar is fundamentally both currencies blighted by central bank policy of both countries. The strength of the dollar against the yen increases from OPEC agreement reached at its meeting in Algeria last 2 days.

Yen exchange rate movements on European session (10:10:35 GMT) weakened against the US dollar, USDJPY opened lower at 100.68 in early trading (0000 GMT) was rise up for around 73 pips and this pair rolling values is at 101.41.

For the movement of the pair until the end of the evening session trading could weaken again if the US GDP data did not match expectations and jobless claims data increases, so USDJPY pair dropped to the range of 100.62 to 100.15 if the strengthening of the pair is now not until 101,80-102.23 range.

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USDJPY's pair movement in the end of European session (06:40:35 GMT / 13:40 pm) was sluggish after the price opened lower at 100.01 in early trading (0000 GMT), and now the pair is at 100.79 and had previously penetrated strong daily resistance range.

Japanese Yen based on Asia session was hit by a series of data showing the economy and suppress negative data exchange after earlier trading opponent US dollars has fallen. Entering the European session, Yen changed motion and jumped to the rhythm of trade safe haven asset by the crisis Deursche Bank.

Technically USDJPY will decline further towards around between 100.66-100.07, but if there is a correction will rise towards the range of 101,81-102.25. So analyst argued that the normal range of USDJPY pair is estimated to have the support level at 99.81 and the resistance level at 102.83

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The movement of USDJPY in the end of European session (05:40:35 GMT) to move weaker after the price opened higher at 101.42 in early trading (0000 GMT), and now the pair's price is located at 101.33.

 

Yen climbed back when entering the European session after the start of the session to continue weakening on earlier trade pressure. Yen's strength will emerge by market considerations crisis experienced by Deutsche Bank. Besides market data released by BOE for the Tankan index showed business sentiment of the country is great.

 

Technically USDJPY will decline further towards  the range between 100.66-100.07, but if there is a correction will rise towards the range between 101,81-102.25. So it could be argued that the normal range for USDJPY pair is estimated to have the support level at 99.81 and the resistance level at 102.83.

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The movement of USDJPY on the end of the Asia session is further rally after the price opened higher at 101.66 in early trading, and right now the pair's price is located at 102.21. Pair have managed to penetrate the strong daily resistance range.

Yen on Asia session gains momentum again depressed by trading high-risk assets that lifted US dollar, while Yen is still quite weak fundamentally to rebound from pressure for 5 consecutive days. Yen still weakened by positive sentiment of US Dollar despite the rise of the data consumer confidence rose in September last. And today's trading US dollar move without landing strong fundamentals.

Technically, USDJPY will go down to the range between 101.54-101.27, but if it is not until these ranges, this pair may rise towards the range between 102,44-102.67. So it seems that the normal range of USDJPY pair is estimated to have the support level at 100.75 and the resistance level at 102.18.

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USDJPY on the end of Asia session is having consolidation(05:30:35 GMT / 12.00 am) after opening higher at 102.90 in early trading (0000 GMT), and now the pair is at 102.85.

Japanese Yen on Asian session moving consolidating after falling badly for 6 days straight to fall to the lows of three weeks. But the movement of the yen is still powered to move stronger after receiving sentiment from IMF projections which raised Japan's economic growth target. Pressure on Yen coming from BOJ governor's speech before the Japanese Parliament that states will cut interest rates if needed though would not do so in the near future.

Technically USDJPY will rise towards the range in between 103.21-103.75, but if it is not until this range then the pair could go down again towards the range between 102,36-101.92. So it could be argued that the normal range on the USDJPY pair is estimated to have the support level at 100.70 and the resistance level at 104.31

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USDJPY or Yen against USD movement in the end of Asia session (05:10:35 GMT) still moves in consolidation after the current price before opened in the opening higher at around 103.50, and now right now this pair is located at 103.52.

Japanese Yen based on Asia session consolidating after the the price falling badly during 7 consecutive days until he fell to the lows of three weeks US dollar opponent. The lack of strong fundamental directives of Japan makes the yen move follows the US dollar sentiment is still showing strength.

Technically USDJPY will rise towards the range in between 103.76-104.15, but if it is not until this range then the pair could go down again towards the range between 103,30-102.24. So i think it could be argued that the normal range for USDJPY pair is estimated to have support level at 101.87 and rresistance level at 104.55.

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The movement of USDJPY in the end of Asian session still moving strong after the price of this pair opened exactly higher at 103.95 in early trading, and now the pair is located at 103.96 which is the rolling value.

Japanese Yen entering the European session with the bearish trend and moves earlier also resume that already fell for eight consecutive days, the market's attention will be US jobs data tonight became increasingly exalted sentiments dollars since it may affect what FED do in future to increase the interest rate or not.

Technically USDJPY will rise towards the range between 104.06-104.56, but if it is not until this range then the pair back to the pivot down to strong support at 103.38-102.91 range. So it could be argued that the normal range of USDJPY pair is estimated to have the support level at 102.57 and the resistance level at 104.92.

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In the end of Asia session this pair(USDJPY) movement still moving weak after the price of this pair opened higher at 103.29 in early trading (0000 GMT), and now the pair rolling value is at 103.11.

 

Japanese Yen entering the European session also moves bearish just like earlier session and already rebounded at the end of last week by the pressure experienced by  US dollar after US NFP data. Japan's financial markets and the American public still bought the sentiment so that the movement of this pair is still supported by the sentiment last weekend.

 

Technically, USDJPY will go down to the range between 102.72-101.87, but if it is not until this range then the pair rise back to the higher level at between 103.41-104.35 range. So it could be argued that the normal range for USDJPY pair is estimated to have the support level at 101.24 and the resistance level at 104.65

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Yen exchange rate movements engaged weaker since early trading last week and resumed when entered the European session. Yen fell against the dollar so easily by the fundamental fragility of Japan by BOJ Governor's plan will reapply the lowest interest rates if economic conditions do not yet support.

 

To drive today's strong fundamentals of the data current account (CA) Japan is less capable of providing power stronger than US dollar strengthening sentiment. After Yen received a blow from Japan's Cabinet Office report which announces condition gloomy Japanese economic sentiment index score down by a decline in the expectation of rising data.

 

Yen exchange rate movements on European session observed weakened against the US dollar, USDJPY's price actually opened higher at 103.62 in early trading and also was ascend around 22 pips and this pair rolling value is at 103.84.

 

For the movement of this pair until the end of New York session this evening can only retreat if US economic data disappoint the dollar, so the analyst estimates that the price of USDJPY may be further dropped to the range of 103.44 to 102.85 if the strengthening of the pair did not reach the range 104,12-104.37.

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Japanese yen exchange rate movements move weaker in early trade Asian session (13/10) while continued the previous trading pressure managed to bounce back the opponent after US dollars stressful when FOMC minutes September months ago. The extra power makes Yen to rise by safe-haven trading securities, reappeared after Chinese government report their foreign trade performance in September.

China reported exports and imports conditions they feared to fall deeply below expectations so as to make them trade surplus was trimmed to the lowest surplus position in the last 6 months. Yen exchange rate movements on EU session strengthened against the US dollar, USDJPY's price opened lower at 104.19 in early trading also was down 23 pips and value pair is rolling at 103.96.

For the movement of this pair until the end America session could further decrease if unemployment claims data depress US dollar, so the analyst estimates the price may be further dropped to the range of 103.50 to 102.31 if the positive movement of the pair did not reach the range of 104,70-105.10.

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The movement of USDJPY on Asian session move stronger against the rivals after price of this pair opened higher at 103.72 in early trading , and now the pair is at 104.08. Yen, which had opened higher earlier trade luck trying to fill again depressed by the momentum that will happen today supports Fed rate hike expectations.

It seems that as US retail sales data in September and there is also a speech Janet Yellen is expected to give a signal steady. If good there will be higher chance of Fed rate hike. Technically USDJPY will continue to rise towards the range between 104.30-104.80, but if it is not until this range then the pair may fall into the range of 103.50-103.13. So USDJPY pair is estimated to have the support level at 101.86 and the resistance level at 105.27.

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USDJPY movement in the end of Asia session is moving strongly after the price of this pair opened higher at 1-4.35 in the early asian trading and right now it seems that this pair's rolling value is at 104.12 waiting for the chance to make another breakout.

 

The yen, which had opened lower after trading rebounded last weekend hit by a strong signal expectations of Fed rate hike in December. Japanese economic data released negatives only slightly reduces the strength of the yen. But in the evening session expected US economic data will add to the strength of sentiment Fed rate hike that could potentially make the USDJPY pair further strengthened.

 

Technically USDJPY will fall down to the range of 103.87-103.16, but if it is not until this range then the pair will climb back into the range of 104.43-104.85. So it could be argued that the normal range for this USDJPY  is estimated to have the support level at 102.79 and the resistance level at 105.13.

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The movement of USDJPY at end of the Asian session is sluggish after opening lower at 103.89 in early trading, and now the pair is at 103.84. Yen entering Asian session was still able to continue trading rally earlier in the week that take a foothold profit taking after the US dollar reached the highest peak of 7 months. 

 

US Dollar is under pressure from consideration statements Janet Yellen and Stanley Fischer, Janet said the American economy potentially slipping condition and the need to move aggressively to rebuild. Fische also said yesterday was not easy for the Fed to raise interest rates. Throughout the day the yen still going to move in the US dollar sentiment, and until the evening sessions can be corrected by strong US inflation data.

 

Technically USDJPY move towards the consolidation in the range between 103.63-103.30, but if it is not until this range then the pair will climb back into the range of 104.03-104.54. So it could be argued that the normal range of USDJPY is estimated to have the support level at 102.80 and the resistance level at 104.79.

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The movement of USDJPY in the end of Asian session (06:00:35 GMT / 13.00) is sluggish after  the price of this pair opened lower at 103.86 in early trading (0000 GMT), and now the pair is keep moving towards 103.72.

 

Yen is still moving end of the Asian session positive after earlier trading just slightly higher against the US dollar. The yen was weaker in the Asian session but rose again to respond to the consolidation of the Chinese GDP data. But in the American session can be slid back if the dollar got a rebound power with the US data.

 

Technically USDJPY has quite big chance to fall to the range of 103.58-103.10, but if it is not until this range then the pair will climb back into the range of 103.99-104.24. So it couldbe argued that the normal range of USDJPY pair is estimated to have the support level at 103.02 and the resistance level at 104.61.

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The movement of USDJPY on the end of the Asian session is quite strong after the price of this pair opened lower at 103.43 in early trading (0000 GMT), and now the pair is at 103.74.  Yen naturally entered the European session on profit taking after 3 days of rally, sparked the revival of the power of Fed rate hike expectations in December respond William Dudley statement Fed officials who expect a Fed rate hike happening this year. 

 

But in the American session the yen could rise again if the US dollar weakened Data jobless claims and the Philly Fed. So, technically USDJPY may still rise up towards the range between 103.82-104.11, the pair will fall back into the range of 103.31-102.63. So the normal range of USDJPY pair is estimated to have support level at 102.18 and resistance level at 104.51.

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Japanese yen exchange rate movements that move weaker in early trade on Asian session (20/10) continue weakening lines earlier trading, rose again in the early European trading session bersamaa with news of an earthquake with a large enough scale in western Japan. Previous weakening yen continues to respond to speech before parliament Kuroda stated inflation target will be trimmed.

 

The Japan Meteorological Agency announced there was an earthquake of 6.6 on the Richter scale shook western Japan on Friday (21/10) afternoon at a depth of 10 kilometers, but did not trigger a tsunami. While the United States Geological Survey (USGS) detected an earthquake with a magnitude of 6.2 SR at eight kilometers south of Kurayoshi-Japan. The preaching of this earthquake made the market a little panicked and memburuy safe haven.

 

Yen exchange rate movements on European session (09:15:35 GMT) strengthened against the US dollar, USDJPY price in this chart seems to opened higher at 103.95 in early trading and right in this EU session fall down to about 18 pips and the rolling value of this pair is at 103.77.

 

For the movement of the pair until the end of the evening session trading USDJPY may continue to fall, so the estimateion for USDJPY may be further dropped to the between 103.62 to 103.03. But if there is a technical correction and strengthening of the pair reached the range between 104,22-104.63.

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Japanese yen exchange rate movements had a strong move at the end of trading last week amid strengthening US dollar, sign in Asian trade on Monday (24/10) retreat by profit taking. The yen was unable to continue strengthening over the weekend despite the positive sentiment came from the release of Japanese economic data this morning.

 

Japanese economic data such as the data of trade balance which fell from the previous month period but above expectations, besides the data flash manufacturing PMI which showed an increase in both the data from the previous period are also expected.

 

Yen exchange rate movements on the Asian session (03:45:35 GMT) weakened against the US dollar, USDJPY opened higher at 103.85 in early trading (0000 GMT) moves up around 9 pips and this pair value is rolling at 103.94.

 

For the movement of the pair until the end of the evening session of trade can only continue to rise, so the analyst estimates USDJPY pair subsequently rose to around 104.10 to 104.43. But if there is a technical correction then this pair can be corrected towards the range between 103,77-103.43.

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Japanese yen weakened since early trading last week (24/10) back under pressure against the US dollar amid a lack of strong fundamental driver of sentiment to trade US session tonight from the country. The pressure on these currencies are still ongoing as the fundamental strength of US dollar by sentiment Fed rate hike.

 

Safe-haven yen is very difficult to rebound and positive move today because majority of Asian stock markets and also Europe show a green signal, which shows the strength of investment in risky assets and reduce the interest on Yen. But in the evening session, USDJPY pair can only be corrected if the economic data released weaken US dollar, which is CB index of consumer sentiment for the US Treasury.

 

Yen exchange rate movements on the European session (10:35:35 GMT) weakened against the US dollar, after the price of USDJPY opened higher at 104.17 in early trading and now moving up about 40 pips and value pair rolling at 104.57.

 

For the movement of the pair until the end of the evening session of trade can only continue to rise, so it could be estimated that USDJPY pair subsequently rose to around 104.65 to 104.90. But if there is a technical correction then this pair could be corrected down to the range between 104,07-103.69.

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Gold price movements on Asian session (05:10:35 GMT / 12:10 GMT) experienced a strong movement after the price opened higher at 1273.30 in early trading (0000 GMT), the gold price is now rolling at 1275.40.

Amid weakening dollar, gold price rally that gets the previous trading sentiment of many demands physical gold or bullion. Demand increases are dominated by the Indian consumer is supported by Diwali festival. And at the evening session the dollar received a negative sentiment on new home sales that could raise the price of gold again.

Technically, gold prices attempted to climb towards the strong resistance and a break above the range of up to 1281.92. But if price cannot reach that range then gold prices will go down again towards 1271.50-1265.02. So the normal range XAUUSD pair today is expected to have the support level at 1250.94 and resistance level at 1291.95.