JPY News Reviews 

JPY Daily Review June 25, 2019

JPY Daily Review for June 25, 2019 EUR/JPY technical analysis: Reversal from 12-day top signals 200-HMA re-test Having failed to clear the late-June 13 top drags the EUR/JPY pair to short-term key support confluence as it takes the rounds to 121.95 on early Tuesday.   USD/JPY technical analysis: Offered near 5-day MA, hits fresh 5.5-month low on risk-off The bid tone around the anti-risk Japanese Yen has strengthened amid risk aversion in the Asian stock markets. USD/JPY is currently trading at 107.03,   GBP/JPY technical analysis: Aims for immediate resistance-line,…

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JPY News Reviews 

JPY Daily Review June 24, 2019

JPY Daily Review for June 24, 2019 USD/JPY technical analysis: 107.77/81 caps latest bounce off 23.6% Fibo. Oversold levels of 14-day relative strength index (RSI) played its role in fetching the USD/JPY pair upwards towards near-term important resistance.   GBP/JPY technical analysis: Short-term resistance-line questions 200-HMA breakout GBP/JPY breaks 200-HMA but is yet to cross 12-day long resistance-line as it takes the rounds to 136.85 during early Monday.   USD/JPY sticks to modest gains, lacks follow-through beyond mid-107.00s The USD/JPY pair struggled to register any meaningful recovery and remained well…

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JPY News Reviews 

JPY Daily Review June 23, 2019

JPY Daily Review for June 23, 2019 Japanese Yen Bulls Could Face Big Trouble If Risk Appetite Holds A Fed-inspired revival in risk appetite has yet to dissuade Yen bulls. That state of affairs seems unlikely to last. Long-term charts suggest they might soon face a stern test.   Forex Today: Yen, Gold lifted by US-Iran rift, focus on Eurozone PMIs Risk-aversion seeped back into the Asian trading this Friday, in the facing of escalating US-Iran geopolitical tensions after Iran downed a US spy-dro   USD/JPY technical analysis: Slips to…

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JPY News Reviews 

JPY Daily Review June 20, 2019

JPY Daily Review for June 20, 2019 AUDUSD Post-Fed Rally May Be Shot Down by RBA as Japanese Yen Sinks The AUDUSD post-Fed rally could be shot down by RBA Governor Philip Lowe who may underscore rate cut bets. Meanwhile, the anti-risk Japanese Yen may sink as the Nikkei 225 rallies.   USD/JPY remains near session lows after status quo BOJ USD/JPY continues to trade in the red near 107.60 following Bank of Japan (BOJ’s) decision to keep key policy tools unchanged. The central bank retain   BOJ keeps policy…

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JPY News Reviews 

JPY Daily Review June 19, 2019

JPY Daily Review for June 19, 2019 USD/JPY technical analysis: Sideways churn continues with RSI flashing bullish signals USD/JPY has been restricted to the 108.80-107.80 trading range since June 4. Further, the pair is now trapped in a falling channel for almost two mont   AUD/JPY: Bulls eye 50% Fibo retracement to 75 the figure   USD/JPY slides back closer to 108.00 mark, focus remains on FOMC The USD/JPY pair came under some renewed selling pressure on Wednesday and is currently placed at the lower end of its daily trading…

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JPY News Reviews 

JPY Daily Review June 18, 2019

JPY Daily Review for June 18, 2019 GBP/JPY technical analysis: Drops for fifth consecutive day GBP/JPY continues to lose altitude, having charted a bearish lower high near 138.30 last week. The pair is currently trading at 135.74, representing a   USD/JPY sheds 20 pips to hit session lows, ignores Kuroda’s comments USD/JPY is feeling the pull of gravity this Tuesday morning in Asia with the US dollar losing ground against most majors except the AUD. The currency   AUD/JPY plummets to fresh 5-month low on RBA minutes, Aussie housing price…

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JPY News Reviews 

JPY Daily Review June 17, 2019

JPY Daily Review for June 17, 2019 USD/JPY remains bid amid mixed action in Asian stocks USD/JPY is flashing green this Monday morning in Asia amid mixed action in the major Asian indices and aggressive Federal Reserve (Fed) easing expecta   EUR/JPY technical analysis: Multi-day descending channel limits recovery towards 200-HMA Despite bouncing off 61.8% Fibonacci retracement of current month upside, the EUR/JPY pair struggles with the short-term descending trend-channel resistance.   USD/JPY: Tokyo open welcomes risk-on amid quiet trading The USD/JPY pair trades little positive to 108.60 by the…

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JPY News Reviews 

JPY Daily Review June 16, 2019

JPY Daily Review for June 16, 2019 AUD/JPY: Bears concentrate on geopolitics ahead of China data Not only risk concerning the US-Iran war but likely trade tussle between the US and China also drags the AUD/JPY pair down to the fresh low since early January.   USD/JPY stays calm near 108.20 ahead of US retail sales data The USD/JPY pair is having a tough time setting its next short-term direction on Friday as the risk-off flows allow the safe-haven JPY to stay resilie   GBP/JPY drops to 1-1/2 week low,…

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