JPY News Reviews 

JPY Daily Review April 21, 2019

JPY Daily Review for April 21, 2019 EUR/JPY Technical Analysis: Nears key 38.2% Fib support with biggest single-day drop since March 22 EUR/JPY fell 0.67 percent yesterday, the biggest single-day decline since March 22, neutralizing the bullish view put forward by the falling channel b   BOJ trims long duration JGB purchases by JPY 20 billion The Bank of Japan (BOJ) has cut the amount of bond purchases at the long end of the Japanese government bnond yield curve. The central bank is set to   EUR/JPY Technical Analysis: 125.50…

Read More
JPY News Reviews 

JPY Daily Review April 18, 2019

JPY Daily Review for April 18, 2019 EUR/JPY Technical Analysis: On the defensive below 126.50, double top on 4H chart EUR/JPY is struggling to capitalize on the falling channel breakout, confirmed on April 12 with the 4-hour chart flashing a double top pattern with th   USD/JPY Technical Analysis: Sustained break above 112.00 remains elusive, 4H RSI diverges in favor of bears USD/JPY is struggling to find acceptance above 112.00 for the sixth consecutive day with the 4-hour chart relative strength index creating lower highs   USDJPY slumps to fresh…

Read More
JPY News Reviews 

JPY Daily Review April 17, 2019

JPY Daily Review for April 17, 2019 GBP/JPY Technical Analysis: 146.30 continues to be near-term important resistance GBP/JPY recently took a U-turn from 145.95 but is yet to clear short-term downward sloping trend-line.   USD/JPY fades spike to fresh 2019 high, back below 112.00 USD/JPY is currently trading at 111.95, having hit a 2019 high of 112.17 earlier today. The lack of strong follow-through has weakened the bullish cas   USD/JPY moves sideways near 112 as investors eye Wall Street opening bell The safe-haven JPY struggled to find demand in…

Read More
JPY News Reviews 

JPY Daily Review April 16, 2019

JPY Daily Review for April 16, 2019 GBP/JPY Technical Analysis: 146.30 offers intermediate halt inside ascending triangle GBP/JPY has been clubbed in a small range between 146.30 and 147.00 since Friday, not to forget more than two-month-old ascending triangle formation.   BOJ’s Kuroda fails to move the needle on USD/JPY Bank of Japan Governor Kuroda, while speaking in Parliament earlier today, expressed willingness to ease more if the momentum toward the 2 percent inf   AUD/JPY Technical Analysis: Dips below 80.00 after RBA minutes, channel breakout still valid The offered…

Read More
JPY News Reviews 

JPY Daily Review April 15, 2019

JPY Daily Review for April 15, 2019 Japanese Yen Technical Analysis: USDJPY Creeps Back Into Uptrend The Japanese Yen has been beaten back against the Dollar after a modest fightback. Important USD/JPY resistance has yet to be topped though.   USD/JPY Technical Analysis: Back below 112.00, the bulls need to defend the support of April 5 high USD/JPY has pulled back to 111.95, having tested Friday’s high of 112.10 earlier today. The bearish divergence of the hourly chart relative strength i   JPY weakness powers Nikkei to highest since December…

Read More
JPY News Reviews 

JPY Daily Review April 14, 2019

JPY Daily Review for April 14, 2019 USD/JPY: Bulls tightening their grip in Tokyo, up to 111.70 The Dow Jones Industrial Average (DJIA), lost a marginal 14 points, or less than 0.1%, to end near 26,143 while the S&P 500 ended flat at 2,888 and th   EUR/JPY Technical Analysis: Bears eye a move from descending resistance for reversal to target 38.2% Fibo Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are   Yen May Rebound as US Banks…

Read More
JPY News Reviews 

JPY Daily Review April 11, 2019

JPY Daily Review for April 11, 2019 AUD/JPY Technical Analysis: Sellers keep lurking near 79.60/65 multiple tops AUD/JPY revisits “multiple-tops” around 79.60/65 after China CPI/PPI release.   GBP/JPY Technical Analysis: 145.55, 146.50 challenge buyers as descending triangle is in play GBP/JPY follows seven-week old triangle formation with immediate descending trend-line restricting nearby upside.   USD/JPY: Tokyo open welcomes risk-on/investment data from Japan around 111.00 Positive news reports for the trade deal between the US and China, Brexit deadline extension and mixed investment data from Japan to please USD/JPY buyers.  …

Read More
JPY News Reviews 

JPY Daily Review April 10, 2019

JPY Daily Review for April 10, 2019 Top 5 Events: March US Consumer Price Index & USDJPY Price Outlook The March US Consumer Price Index is due on Wednesday, April 10 at 12:30 GMT.   Top 5 Events: April ECB Meeting & EURJPY Price Outlook The April European Central Bank rate decision is on Wednesday, April 10 at 11:45 GMT.   S&P 500 Drops Reversal Warning, Equities Brace. Yen to Extend Rise The S&P 500 left behind a reversal warning amidst rising EU-US trade war concerns and the IMF downgrading…

Read More
JPY News Reviews 

JPY Daily Review April 9, 2019

JPY Daily Review for April 9, 2019 EUR/USD Gains Undermined by EU-US Trade War Fears, Yen May Gain Overnight EUR/USD gains were undermined after the USTR proposed levying tariffs on European products, fueling concerns about US-EU trade wars. Ahead, the anti-risk Japanese Yen may rally.   USD/JPY Technical Analysis: Sellers need to clear 111.30/25 to aim for sub-111.00 area USD/JPY is revisiting the 111.30/25 horizontal-supporting during early Tuesday.   AUD/JPY Technical Analysis: Rising wedge can challenge recent recovery, 79.65, 79.85 seem nearby resistances AUD/JPY is following short-term rising wedge formation…

Read More