[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.
[B]DAILY MARKET OUTLOOK on Major USD/JPY[/B]
Update Time: [B]29 Apr 2015[/B] [I]08:01 GMT[/I]
[B]USD/JPY - 119.02[/B]
Dollar’s breach of Monday’s low at 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 118.53 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 118.00/04.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]30 Apr 2015[/B] [I]08:00 GMT[/I]
[B]USD/JPY - 118.90[/B]
Despite dollar’s intra-day brief breach of Wednesday’s low at 118.60 to 118.50, subsequent intra-day cross-inspired rebound suggests further choppy trading above the daily key support at 118.33 would continue and gain towards 119.59/66 would be seen.
However, reckon resistance at 120.09 would hold today and yield retreat later.
Below 118.50 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 118.00/04.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]04 May 2015[/B] [I] 08:06 GMT[/I]
[B]USD/JPY - 120.13[/B]
Dollar’s rally from last Thursday’s 4-week trough at 118.50 to as high as 120.29 Friday signals price remains confined inside early 7-week broad range of 122.03-118.33 and consolidation with upside bias is seen for gain towards daily chart objective at 120.84.
However, reckon pivotal resistance at 121.20 would hold on first testing and bring retreat later.
On the downside, only below 119.26 would indicate a top is made and bring subsequent weakness towards 118.50.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]06 May 2015[/B] [I]08:53 GMT[/I]
[B]USD/JPY - 119.77[/B]
Although dollar’s rally from last Thursday’s 4-week trough at 118.50 to as high as 120.29 Friday signals price remains confined inside early 7-week broad range of 122.03-118.33, sell off from yesterday’s high of 120.51 suggests a temporary top has been made and consolidation with downside bias seen for weakness to 119.50 and then 119.26 later today.
On the upside, only above 120.51 would yield further gain to chart objective at 120.84 but pivotal resistance at 121.20 should remain intact.
DAILY MARKET OUTLOOK
Update Time: 08 May 2015 08:00 GMT
USD/JPY - 120.00
Dollar’s strong rebound after extending fall from Tuesday’s high of 120.51 to 119.06 yesterday signals further choppy trading inside the early 7-week long range of 122.03-118.33 would continue and consolidation with upside bias is now envisaged.
However, only above 120.51 would retain bullishness for stronger gain to 120.84 and then pivotal resistance at 121.20.
On the downside, below 119.20/30 would yield marginal weakness below 119.06 but support at last week’s bottom at 118.50 should remain intact.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]12 May 2015[/B] [I]08:07 GMT[/I]
[B]USD/JPY - 120.05[/B]
Despite dollar’s intra-day retreat after a brief rise above 120.24 (Friday) to 120.27 in Asia, price is expected to continue to gyrate inside April’s tight range of 120.84-118.50 as long as 119.47 (Monday’s low in NZ) holds, consolidation with upside bias remains but only a break of 120.84 would extend gain to 121.20.
On the downside, below 119.47 would shift risk to downside for weakness to 119.06 and possibly marginal weakness but support at 118.50 should remain intact.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]13 May 2015[/B] [I]08:08 GMT[/I]
[B]USD/JPY - 119.82[/B]
Dollar’s retreat after a brief rise above 120.24 (Friday) to 120.27 yesterday suggests further choppy trading inside April’s tight range of 120.84-118.50 would continue and near term downside bias is seen for weakness to 119.47 (Monday’s low).
However, reckon last week’s bottom at 119.06 would remain intact and bring rebound later.
On the upside, only above 120.27 would shift risk to upside for a re-test of May’s peak at 120.51, break would extend gain towards 120.84.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]14 May 2015 [/B][I]07:50 GMT[/I]
[B]USD/JPY - 119.17[/B]
Although dollar’s breach of yesterday’s low at 119.03 in European morning signals decline from last week’s peak at 120.51 has resumed and further choppy trading inside early 8-week long broad range of 122.03-118.33 would continue with downside bias, April’s bottom at 118.50 should remain intact today due to near term loss of momentum and yield rebound later.
On the upside, only a move back above 119.47 (Monday’s low in NZ, now resistance) would indicate a temporary low has been made and bring subsequent gain to 119.71 and then 119.97/03.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]18 May 2015[/B] [I]08:14 GMT[/I]
[B]USD/JPY - 119.72[/B]
Despite dollar’s retreat from 119.93 to 119.20 in New York last Friday after release of soft U.S. economic data, intra-day rebound on renewed broad-based strength in the greenback suggests further choppy trading inside recent early 8-week long broad range of 122.03-118.33.
Would continue and upside bias is seen for a re-test of 119.93, break would extend erratic rise from last Thursday’s 2-week trough at 118.88 to 120.03 and then 120.27 but daily resistance at 120.51 should remain intact.
On the downside, only below 119.20/27 would dampen this mildly bullish scenario and shift risk to downside for subsequent weakness towards 118.88.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]19 May 2015[/B] [I]08:01 GMT[/I]
[B]USD/JPY - 119.98[/B]
Dollar’s erratic rise from last Thursday’s low at 118.88 to 120.04 on Monday, then marginally higher to 120.06 in European morning today signals price would remain confined inside early 8-week long broad range of 122.03-118.33 and near term upside bias is seen for stronger gain to 120.27 and then 120.51.
However, reckon daily resistance at 120.84 would cap upside and bring another fall later.
On the downside, only below 119.20/27 support area would dampen this mildly bullish scenario and bring weakness to 118.88, break would extend losses towards April’s bottom at 118.50.
