[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]16 Nov 2015[/B][I] 08:00 GMT[/I]
[B]USD/JPY - 122.65[/B]
Although intra-day breach of Friday’s support at 122.74 to 122.24 signals recent uptrend has made a temporary top at Monday’s fresh 10-week peak at 123.61 and stronger retracement to 122.01 (previous resistance, now support) may be seen, reckon 121.74 would contain weakness and daily bullishness remains for another rise ‘later’.
Above 123.61 would extend gain to 123.79/80, then 124.00, however, loss of momentum would cap price below 124.63 and yield retreat.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]18 Nov 2015[/B] [I]08:10 GMT[/I]
[B]USD/JPY - 123.25[/B]
Although intra-day breach of Friday’s support at 122.74 to 122.21 on Monday signals recent uptrend has made a temporary top at Monday’s fresh 10-week peak at 123.61 and stronger retracement to 122.01 (previous resistance, now support) may be seen, reckon 121.74 would contain weakness and daily bullishness remains for another rise ‘later’.
Above 123.61 would extend gain to 123.79/80, then 124.00, however, loss of momentum would cap price below 124.63 and yield retreat.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: 19 Nov 2015 08:27 GMT
[B]USD/JPY - 123.17[/B]
Although intra-day breach of Friday’s support at 122.74 to 122.21 on Monday signals recent uptrend has made a temporary top at Monday’s fresh 10-week peak at 123.61 and stronger retracement to 122.01 (previous resistance, now support) may be seen, reckon 121.74 would contain weakness and daily bullishness remains for another rise ‘later’.
Above 123.61 would extend gain to 123.79/80, then 124.00, however, loss of momentum would cap price below 124.63 and yield retreat.
USD/JPY [B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]20 Nov 2015[/B] [I]08:20 GMT[/I]
[B]USD/JPY - 123.01[/B]
Although intra-day breach of Friday’s support at 122.74 to 122.21 on Monday signals recent uptrend has made a temporary top at Monday’s fresh 10-week peak at 123.61 and stronger retracement to 122.01 (previous resistance, now support) may be seen, reckon 121.74 would contain weakness and daily bullishness remains for another rise ‘later’.
Above 123.61 would extend gain to 123.79/80, then 124.00, however, loss of momentum would cap price below 124.63 and yield retreat.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]23 Nov 2015[/B] [I]08:36 GMT[/I]
[B]USD/JPY - 123.11[/B]
Although intra-day breach of Friday’s support at 122.74 to 122.21 on Monday signals recent uptrend has made a temporary top at Monday’s fresh 10-week peak at 123.61 and stronger retracement to 122.01 (previous resistance, now support) may be seen, reckon 121.74 would contain weakness and daily bullishness remains for another rise ‘later’.
Above 123.61 would extend gain to 123.79/80, then 124.00, however, loss of momentum would cap price below 124.63 and yield retreat.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]30 Nov 2015[/B] [I] 08:20 GMT[/I]
[B]USD/JPY - 122.82[/B]
Friday’s intra-day rebound from 122.30 to 122.88 (New York) has retained our previous view that dollar’s early decline from November’s 12-week peak at 123.77 has ended last week at 122.26 and consolidation with upside bias is seen, above 122.94/96 would encourage for subsequent headway towardd 123.26.
On the downside, only break of 122.21/26 sup would risk stronger retracement of recent upmove to 122.01.
However, reckon 121.74 (previous res, now sup) would contain weakness.
[B]DAILY MARKET OUTLOOK [/B]
Update Time:[B] 01 Dec 2015[/B] 08:22 GMT
[B]
USD/JPY - 122.87[/B]
Despite yesterday’s cross-inspired break of 122.94 res to 123.34 in New York, intra-day sharp retreat to 122.64 due to broad-based long liquidation is the usd in Asian morning suggests further ‘choppy’ trading below Nov’s 12-week peak at 123.77 would continue with near term downside bias, only below 122.21/26 sup would bring stronger retracement of early upmove to 122.00/01.
On the upside, above 123.34 is needed to revive previous bullish scenario on dollar for subsequent re-test of 123.77.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]02 Dec 2015[/B] [I]08:38 GMT[/I]
[B]USD/JPY - 123.11[/B]
Yesterday’s intra-day decline from 123.28 to 122.64 in Asia and then subsequent choppy swings in New York session suggests further volatile trading below Mon’s high at 123.34 would continue.
Below 122.64 would bring stronger retracement to 122.45/50 but previous sup at 122.21/26 is expected to hold and bring another rebound.
A firm break of 123.34 would encourage for re-test of November’s 12-week peak at 123.77.
However, loss of momentum should cap dollar below 124.00/10 and risk has increased for a correction to occur later.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]04 Dec 2015[/B] [I]08:40 GMT[/I]
[B]USD/JPY - 122.71[/B]
Although dollar’s decline from 123.68 (Wednesday) to 122.30 yesterday due to USD’s broad-based weakness caused by EUR/USD’s spectacular rally in New York session suggests further choppy trading below November’s 12-year peak at 123.77 and price would ‘gyrate’ inside early range of 123.68-122.26 range until release of today’s key U.S. payrolls report.
A firm break of previous 122.21/26 sup would bring stronger correction of recent upmove to 121.50/60 whilst above 123.68/77 res would revive previous bullishness for subsequent headway towards 124.10/20.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]07 Dec 2015[/B] [I]08:22 GMT[/I]
[B]
USD/JPY - 123.35[/B]
Despite the greenback’s strong retreat from 123.68 (Wed) to 122.30 last Thursday, subsequent rebound on the release of upbeat U.S. jobs report suggests consolidation with upside bias remains and above 123.68 would yield a re-test of November’s fresh 12-year peak at 123.77, break would extend towards 124.00/10 before prospect of a much-needed correction due to loss of momentum.
On the downside, only below 122.64 would indicate aforesaid recovery has ended instead and turn outlook bearish for weakness towards 122.30.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]08 Dec 2015[/B] [I]08:16 GMT[/I]
[B]USD/JPY - 123.05[/B]
Despite the greenback’s strong retreat from 123.68 (Wednesday) to 122.30 last Thursday, subsequent rebound on the release of upbeat U.S. jobs report.
It suggests consolidation with upside bias remains and above 123.68 would yield a re-test of November’s fresh 12-year peak at 123.77, break would extend towards 124.00/10 before prospect of a much-needed correction due to loss of momentum.
On the downside, only below 122.64 would indicate aforesaid recovery has ended instead and turn outlook bearish for weakness towards 122.30.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]09 Dec 2015[/B] [I]08:26 GMT[/I]
[B]USD/JPY - 122.83[/B]
Despite the greenback’s strong retreat from 123.68 (Wednesday) to 122.30 last Thursday, subsequent rebound on the release of upbeat U.S. jobs report suggests consolidation with upside bias remains and above 123.68 would yield a re-test of November’s fresh 12-year peak at 123.77, break would extend towards 124.00/10 before prospect of a much-needed correction due to loss of momentum.
On the downside, only below 122.64 would indicate aforesaid recovery has ended instead and turn outlook bearish for weakness towards 122.30.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]11 Dec 2015[/B] [I]08:10 GMT[/I]
[B]USD/JPY - 121.82[/B]
The greenback’s selloff below last week’s low at 122.30 to as low as 121.07 on Wednesday on dollar’s broad-based weakness post the release of downbeat U.S. wholesale inventories data signals the decline from November’s 12-week peak at 123.77 has resumed and consolidation with downside bias remains for weakness towards 120.80/90, however, loss of momentum should keep price above 120.57 this week and yield rebound later.
On the upside, only above 122.30 (previous support, now resistance) would indicate aforesaid correction has ended instead and turn outlook bullish for stronger gain to 122.72.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]14 Dec 2015[/B] [I]08:14 GMT[/I]
[B]USD/JPY - 121.25[/B]
The greenback’s selloff below last Wednesday’s low at 121.07 to as low as 120.58 on Friday on dollar’s broad-based weakness, due partly to the selloff in global equities signals the decline from November’s 12-week peak at 123.77 has resumed and consolidation with downside bias remains for weakness towards 120.20/30.
However, loss of momentum should keep price above 120.02 this week and yield rebound later.
On the upside, only above 121.87 would indicate aforesaid correction has ended instead and turn outlook bullish for stronger gain to 122.30 (previous support, now resistance).
[B] DAILY MARKET OUTLOOK[/B]
Update Time: [B]16 Dec 2015[/B][I] 08:12 GMT[/I]
[B]USD/JPY - 121.94[/B]
Despite the greenback’s selloff to 120.35 on Monday, subsequent rebound on increasing speculation that the Federal Reserve will hike its rate later today suggests the corrective fall from November’s 12-week peak at 123.77 has ended there and consolidation with upside bias would be seen for gain towards 122.26/30.
However, near term loss of momentum should keep price below 122.46/50, yield retreat.
On the downside, only below 121.07 would indicate aforesaid recovery has ended and turn outlook bearish for weakness to 120.58.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]12 Jan 2016[/B] 08:18 GMT
[B]USD/JPY - 117.36[/B]
Dollar’s rally after an initial selloff to a fresh 4-1/2 month trough at 116.69 ahead of Asian open yesterday signals recent decline has made a temporary low there and despite intra-day retreat after testing New York resistance at 118.03, reckon support at 117.19 would hold and upside bias remains for another leg of correction to take place towards 118.50/60 later.
On the downside, only below 116.69 would confirm recent decline has once again resumed and extend weakness towards daily chart objective at 116.18 (2015 August low).
[B]DAILY MARKET OUTLOOK[/B]
Update Time:[B] 14 Jan 2016[/B] 09:46 GMT
[B]USD/JPY - 117.87[/B]
Although dollar’s cross-inspired decline from yesterday’s 118.38 high to as low as 117.30 in Asian morning suggests early correction from Monday’s fresh 4-1/2 month trough at 116.69 has ended, intra-day strong bounce to 118.18 in Europe due to recovery in Asian equities signals choppy sideways trading would continue.
As long as 118.38 holds, downside bias remains for subsequent weakness to 1170…0/10 but 116.69 should remain intact and only above 118.38 would risk stronger correction of recent decline to 118.55/60, however, loss of upward momentum would cap price below daily res at 118.85.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]21 Jan 2016[/B] [I] 08:44 GMT
[/I]
[B]USD/JPY - 116.93[/B]
Despite yesterday’s resumption of recent downtrend to a 1-year bottom of 115.97 in Europe, subsequent erratic rise to 117.05 in New York due to recovery in the Dow, then intra-day cross-inspired rally to 117.48 in Asia confirms temporary low has been made and 2-3 days of choppy consolidation is in store.
As dollar has rebounded after a strong retreat to 116.47 in early European morning due to renewed weakness in Asian equities after initial recovery, near term upside bias is retained for a long-awaited minor correction to 117.69/71 but reckon res at 118.18 should cap upside and yield another fall later today or tomorrow.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]27 Jan 2016[/B] [I]09:36 GMT[/I]
[B]USD/JPY - 118.22[/B]
Despite the greenback rally from last Wednesday’s fresh 1-year trough at 115.97 to 118.88 on Friday, subsequent retreat suggests the first leg of correction has ended and consolidation with downside bias would be seen for weakness towards 117.54, below would add credence to this view and extend towards 117.08.
However, support at 116.47 should remain intact and yield rebound.
On the upside, only above 118.17 (previous support, now resistance) would indicate pullback has ended and turn outlook bullish for gain to 118.34/40.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]28 Jan 2016[/B] [I] 08:31 GMT[/I]
[B]USD/JPY - 118.89[/B]
The greenback’s rally yesterday and subsequent breach of last Friday’s high at 118.88 signals the corrective upmove from last Wednesday’s fresh 1-year trough at 115.97 has once again resumed and consolidation with upside bias would be seen for gain towards 119.08/10, then 119.17/20, however, loss of momentum would keep price below 119.46/50 today and bring retreat later.
On the downside, only below 117.66 would indicate a temporary top has been made and turn outlook bearish for a stronger retracement towards 117.30/40.