[B]DAILY MARKET OUTLOOK USD/JPY[/B] - 101.32
Update Time: [B]30 Jun 2014[/B] [I]05:58 GMT[/I]
The greenback remained under pressure after penetrating 101.61 support last week, suggesting the erratic decline from June’s high at 102.80 has resumed and further weakness to 101.00/10 is envisaged, however, previous key daily support area at 100.76/81 should hold on 1st testing and yield rebound later.
On the upside, only a rise above 102.00 would prolong choppy consolidation and may risk gain to 102.35 resistance again.
[B]DAILY MARKET OUTLOOK USD/JPY[/B] - 111.30
Update Time: [B]31 Oct 2014[/B] [I]08:19 GMT[/I]
Dollar’s intra-day rally above October’s peak at 110.09 to a fresh near 7-year high of 111.53 in European morning after BoJ’s surprise easing confirms long-term uptrend has resumed and further gain to projected obj. at 111.98 is likely after consolidation, however, o/bot condition should prevent sharp move beyond there today and risk has increased for a much-needed retreat later.
On the downside, only a daily close below 110.09 (previous resistance) would signal a top has been made and yield correction towards 109.47.
[B]DAILY MARKET OUTLOOK -USD/JPY [/B]
Update Time: [B]12 Dec 2014[/B] [I]07:09 GMT[/I]
The greenback swung wildly against the Japanese yen on Thursday. Despite hitting a fresh 2-week low of 117.45 in Tokyo morning on Thursday, dollar ratcheted higher and rose to 119.56 on active short-covering due to the rebound in Nikkei-225 index following the rise in U.S. stock markets together with upbeat U.S. retail sales data, however, profit-taking ahead of Japan’s election over the weekend knocked price lower to 118.51 in Asia today.
Further choppy consolidation inside recent established broad range of 117.45-119.56 is expected to continue.
Above 119.56 would bring stronger gain to 119.93 and 120.20.
On the downside, below 118.51 would risk stronger pullback to 117.85 but support at 117.45 is expected to remain intact.
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[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]16 Dec 2014[/B] [I]07:54 GMT[/I]
[B]USD/JPY [/B]- The greenback swung wildly on Monday following the Japan’s election on Sunday. Despite opening higher to 119.04 in New Zealand yesterday, the pair tumbled to 117.78 ahead of Tokyo open and then rallied to 119.06 in Asia.
U.S. dollar later met renewed selling at 118.98 in NY on renewed risk aversion due to the sell off in global stock markets.
Today’s breach of last Thursday’s low at 117.45 confirms recent decline from last Monday’s fresh 7-year high at 121.85 to retrace medium-term uptrend has resumed and further weakness to 117.06 and then towards 116.40/41 is likely, however, o/sold condition would limit downside to 116.00 and bring a much-needed correction later.
On the upside, only a breach of 118.00/01 would signal a low has possibly been made and bring stronger gain to 118.98/06 and then towards 119.56.
WEEKLY USD/JPY TECHNICAL OUTLOOK
Last Update At 21 Dec 2014 23:09GMT
Trend Daily Chart
Sideways
Daily Indicators
Bearish divergences
21 HR EMA
119.38
55 HR EMA
118.95
Trend Hourly Chart
Near term up
Hourly Indicators
Bearish divergences
13 HR RSI
61
14 HR DMI
+ve
Daily Analysis
Consolidation with upside bias
Resistance
120.20 - Dec 08 low
119.93 - Dec 10 high
119.66 - Intra-day high (NZ)
Support
119.04 - Hourly chart
118.84 - Fri’s NY low
118.26 - Y’day’s European sup
. USD/JPY - 119.54 … Dlr swung fm loss to gain in last week’s roller-coaster session. Price met renewed selling at 119.06 on Mon n penetrated 117.45 sup due to broad-based buying of yen on risk aversion, buying interest at 115.57 quickly lifted dlr n the pair later rallied back to as high as 119.62 on Fri.
. Looking at the bigger picture, dlr’s aforesaid strg rebound suggests correction fm Dec’s fresh 7-year peak at 121.85 has ended there n consolidation with upside bias is envisaged in this holiday-shortened X’mas week, a daily close abv 120.20 (previous sup, now res) wud encourage for further headway twd pivotal res at 121.00, break wud bring re-test of 121.85, then twd 123.89 later this month or in Jan 2015, this is 50% proj. of MT intermediate rise fm 105.20-121.85 measured fm 115.57. Having said that, as daily technical indicators wud display prominent ‘bearish divergences’ on such move, reckon 125.86 (61.8% proj. fm 115.57) wud remain intact. On the downside, below 117.76 wud prolong choppy consolidation n may risk weakness to 116.25, then twd 115.57.
. Today, as long as 118.84 sup holds, up move fm 115.57 wud head twd 119.90/00, ‘bearish divergences’ on hourly indicators wud cap dlr at 120.20.
Update Time: [B]24 Dec 2014[/B] [I]02:10 GMT[/I]
[B]DAILY OUTLOOK ON USD/JPY [/B]
Dlr’s firmness after yesterday’s rally to 120.80 suggests the correction from December’s 7-year peak at 121.85 has indeed ended at 115.57 last Wednesday and above 121.00 would extend gain to 121.34, however, aforesaid peak at 121.85 should hold on 1st testing.
Raise long entry for 121.30 and only a daily close below 120.05 dampens bullishness on dlr, 119.66.
[B]DAILY MARKET OUTLOOK [/B]
Update Time:[B] 25 Feb 2015[/B] [I]00:54 GMT[/I]
[B]USD/JPY[/B] - 118.80
Despite yesterday’s cross-inspired rebound above last week’s 119.41 high to 119.84 in New York morning, subsequent selloff to 118.76 following Fed chief Yellen’s mildly dovish testimony suggests early erratic rise from last week’s low at 118.20 has ended there and consolidation with downside bias is in store today.
However, only below 118.20 would retain bearishness for recent fall from February’s 120.48 to extend to 117.90/00, loss of downward momentum should keep price above 117.62 (being 61.8% r of 115.85-120.48).
On the upside, expect 119.41 to cap intra-day recovery and only above 119.84/88 res would risk marginal gain to 120.00/04 before prospect of another decline.
[B] DAILY MARKET OUTLOOK on Major USD/JPY[/B]
Update Time: [B]25 Mar 2015[/B] [I]08:02 GMT[/I]
Despite dollar’s brief breach of last Wednesday’s low at 119.29 to a fresh near 1-month trough at 119.22 yesterday, subsequent rebound to 119.98 suggests a temporary low and as long as said support holds, choppy trading with mild upside bias remains for a retracement towards 120.17.
However, reckon 120.61 (previous support, now resistance) would hold and yield another decline later.
On the downside, below 119.22 would signal decline from March’s near 8-year peak at 122.03 to retrace recent uptrend has resumed and extend weakness to 118.80, then 118.20.
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02 Apr 2015
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 02 Apr 2015 08:09 GMT
USD/JPY - 119.50
Dollar’s sell off to 119.45 yesterday after being capped below Tuesday’s high of 120.37 suggests upmove from last Thursday’s 5-week trough at 118.33 has made a temporary top there earlier and consolidation with downside bias remains for a retracement to 119.11 (61.8% r of 118.33-120.37).
However, sup at 118.93 would hold today and yield rebound later.
On the upside, only a move back above 120.37 would extend aforesaid corrective rise to 120.62 (61.8% r of 122.03-118.33) and then 121.00 but res at 121.20 should cap upside.
DAILY MARKET OUTLOOK on Major USD/JPY
Update Time: 02 Apr 2015 08:09 GMT
USD/JPY - 119.50
Dollar’s sell off to 119.45 yesterday after being capped below Tuesday’s high of 120.37 suggests upmove from last Thursday’s 5-week trough at 118.33 has made a temporary top there earlier and consolidation with downside bias remains for a retracement to 119.11 (61.8% r of 118.33-120.37).
However, sup at 118.93 would hold today and yield rebound later.
On the upside, only a move back above 120.37 would extend aforesaid corrective rise to 120.62 (61.8% r of 122.03-118.33) and then 121.00 but res at 121.20 should cap upside.
[B]DAILY MARKET OUTLOOK on Major USD/JPY[/B]
Update Time: 0[B]8 Apr 2015 [/B]07:54 GMT
[B]USD/JPY - 119.88[/B]
Although dollar’s intra-day weakness after release of BoJ unchanged monetary policy suggests consolidation with downside bias would be seen, a daily close below 119.68 (Monday’s high) is needed to signal erratic up move from March’s 5-week trough at 118.33 has made a top at 120.45 Tuesday and yield weakness to 118.72.
On the upside, above 120.45 would bring stronger retracement of erratic decline from March’s near 8-year peak at 122.03 to 120.62 (61.8% r) and then 120.90/00 but pivotal resistance at 121.20 should hold.
[B]DAILY MARKET OUTLOOK on Major USD/JPY [/B]
Update Time: [B]10 Apr 2015 [/B][B]08:02 GMT
[/B]
[B]USD/JPY - 120.45[/B]
Dollar’s rise above Tuesday’s high of 120.45 to 120.74 yesterday signals for erratic up move from 118.33 (March’s 5-week trough) to retrace decline from March’s 8-year peak at 122.03 remains in progress and further gain to pivotal resistance at 121.20 would be seen before prospect of a retreat.
On the downside, only a daily close below 119.64 would indicate aforesaid correction has ended instead and shift risk to downside for weakness towards 119.10/20.
[B]DAILY MARKET OUTLOOK on Major USD/JPY [/B]
Update Time: [B]13 Apr 2015[/B] [I]08:03 GMT[/I]
[B]USD/JPY - 120.65[/B]
As dollar has rebounded after Friday’s cross-inspired retreat to 120.05, suggesting pullback from last Thursday’s high of 120.74 has ended there and consolidation with upside bias remains, a break of said resistance anytime would confirm erratic upmove from 118.33 to correct decline from March’s near 8-year peak at 122.03 has resumed and extend gain towards pivotal resistance at 122.03 later.
On the downside, only a breach of 119.64 support would indicate a top is made instead and shift risk to downside for weakness to 119.20/30 and possibly to 119.00.
[B]DAILY MARKET OUTLOOK USD/JPY [/B]
Update Time: [B]15 Apr 2015[/B] [I]08:04 GMT[/I]
Although dollar’s retreat from Monday’s 3-week high of 120.84 to as low as 119.07 yesterday after release of weaker-than-expected U.S. retail sales suggests erratic rise from March’s bottom at 118.33 has made a top there, subsequent rebound indicates choppy trading would be seen and gain towards 120.12 may be seen.
However, resistance at 120.43 should hold another yield another fall later.
On the downside, only below 119.07 would extend weakness to 118.72 and then 118.33.
[B]DAILY MARKET OUTLOOK on Major USD/JPY[/B]
Update Time: [B]16 Apr 2015 [/B][I]08:15 GMT[/I]
Despite dollar’s resumption of decline from Monday’s 3-week high of 120.84 to as low as 118.79 yesterday, subsequent rebound to 119.23 and then 119.47 signals a temporary low has been made and retracement to 119.75 may be seen.
However, reckon 120.12 resistance would remain intact and yield another fall later.
Below 118.72/79 would bring re-test of March’s bottom at 118.33, breach would confirm corrective decline from March’s near 8-year peak at 122.03 has finally resumed and extend weakness towards 117.90/00.
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B]17 Apr 2015 [/B][I]09:06 GMT[/I]
[B]USD/JPY [/B]- 118.87
Although dollar’s intra-day breach of Wednesday’s low at 118.79 suggests downside bias is seen for fall from Monday’s high of 120.84 to pressure price towards March’s bottom at 118.33, break needed to confirm corrective decline from March’s near 8-year peak at 122.03 has finally resumed and extend weakness towards 117.90/00.
Above 119.47 would indicate a temporary low is made and shift risk to upside for gain towards 119.75, break would yield stronger gain towards 120.12.
[B]DAILY MARKET OUTLOOK USD/JPY[/B]
Update Time: [B]23 Apr 2015[/B] [I]08:06 GMT[/I]
Despite dollar’s rebound from Monday’s 3-week low at 118.53 to 120.09 in Asia today, as sell off from last week’s high of 120.84 signals correction from March’s bottom at 118.33 has ended there, reckon 120.43 resistance would cap upside and downside bias remains for another decline later.
Below 119.31/35 would indicate top is made and yield weakness to 119.15 and then 118.70/80.
[B]DAILY MARKET OUTLOOK on Major USD/JPY[/B]
Update Time:[B] 24 Apr 2015[/B] [I]07:55 GMT[/I]
[B]USD/JPY - 119.33[/B]
Dollar’s sell off from yesterday’s high of 120.09 to 119.43 and then 119.15 signals this week’s up move from Monday’s 3-week trough at 118.53 has ended there and consolidation with downside bias is seen.
However, below the said support is needed to signal erratic decline from March’s near 8-year peak at 122.03 has resumed and yield re-test of 118.33 (reaction low from 122.03) and then towards 117.90/00 later.
On the upside, only above 120.09 would dampen this bearish scenario and yield stronger gain to 120.43 but last week’s peak at 120.84 should remain intact.
[B]DAILY MARKET OUTLOOK on Major USD/JPY[/B]
Update Time: [B]27 Apr 2015[/B] [I]08:05 GMT[/I]
[B]USD/JPY - 119.23[/B]
Although dollar’s retreat from last Thursday’s high of 120.09 to 118.82 on Friday strongly suggests the correction from last Monday’s 3-week through at 118.53 has ended there, intra-day rebound after marginal fall to 118.78 suggests further choppy trading above said support would be seen, however, reckon resistance at 119.66 would hold and bring another sell off later.
Below 118.78 would bring re-test of 118.53, break would signal erratic decline from March’s near 8-year peak at 122.03 has resumed and bring re-test of 118.33 (reaction low from 122.03) and then towards 118.00.
[B]DAILY MARKET OUTLOOK on Major [/B]
Update Time: [B]28 Apr 2015[/B] [I]08:02 GMT[/I]
[B]USD/JPY - 119.07[/B]
Dollar’s breach of 118.82 (Friday) to 118.78 yesterday strongly suggests the correction from last Monday’s 3-week through at 118.53 has ended at 120.09 last Thursday and despite subsequent intra-day rebound to 119.44, reckon resistance at 119.59/66 would hold and downside bias remains for another decline later.
Below 118.78 would bring re-test of 118.53, break would signal erratic fall from March’s near 8-year peak at 122.03 has resumed and bring re-test of 118.33 (reaction low from 122.03) and then towards 118.00.
