[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]16 Jul 2015[/B] [I]08:08 GMT[/I]
[B]USD/JPY - 123.90[/B]
Dollar’s rebound after yesterday’s intra-day pull-back from 123.97 to 123.65 suggests upside bias remains for from last Wednesday’s fresh 7-week trough at 120.47 to 123.73 to retrace decline from June’s near 13-year peak at 125.86 to extend to 124.38/46 resistance area.
However, reckon price would falter well below 125.00 (previous support, now resistance) and bring retreat later.
Below 122.25/26 would indicate a top is possibly made and yield weakness to 122.88/92, however, support at 122.05 should contain weakness.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]20 Jul 2015[/B] [I]08:07 GMT[/I]
[B]USD/JPY - 124.20[/B]
Despite dollar’s retreat after rallying to a fresh 2-week high of 124.23 last Friday, as this move suggests correction from June’s near 13-year peak at 125.86 has ended earlier at 120.42 in July.
Choppy trading with upside bias remains but near term loss of momentum should cap price below 125.00 (previous support, now resistance) today.
On the downside, only a daily close below 123.65/73 would indicate a top is possibly made and shift risk to downside for weakness towards 123.05.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]22 Jul 2015[/B][I] 08:15 GMT[/I]
[B]USD/JPY - 123.75[/B]
Despite dollar’s retreat after rising to a fresh 5-week high of 124.48 yesterday, as early rally from July’s bottom at 120.42 signals correction from June’s near 13-year peak at 125.86 has ended there, choppy trading with upside bias mild remains but loss of momentum should cap price below 125.00/07.
On the downside, only a daily close below 122.88/92 would shift risk to downside for weakness towards 122.05.
[B]DAILY MARKET OUTLOOK[/B]
Update Time:[B] 24 Jul 2015[/B] [I]08:12 GMT[/I]
[B]USD/JPY - 123.95[/B]
Despite dollar’s retreat from Tuesday’s fresh 5-week high of 124.48 to 123.57 Wednesday, as early rally from July’s bottom at 120.42 signals correction from June’s near 13-year peak at 125.86 has ended there, reckon 122.92 support would contain weakness and bring rebound. Above 124.16 (Wednesday’s high) would indicate pullback over and yield re-test of 124.48, break would extend gain towards 125.00/07 later.
On the downside, a daily close below 122.88/92 would shift risk to downside for weakness towards 122.05.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]30 Jul 2015[/B] [I]08:24 GMT[/I]
[B]USD/JPY - 124.17[/B]
Although dollar’s stronger rebound from Monday’s low at 123.01 and then intra-day break of resistance at 124.19 confirms correction from last week’s 5-week top at 124.48 has ended there and choppy trading with upside bias remains, above said temporary high would yield resumption of early up-move from 120.42 (July) to towards 125.00/07 which is likely to hold today due to near term overbought condition.
On the downside, below 123.80 (previous resistance, now support) would prolong choppy trading but support at 123.01 should remain intact.
DAILY MARKET OUTLOOK
Update Time: [B]06 Aug 2015[/B] [I]08:10 GMT[/I]
[B]USD/JPY - 124.90[/B]
Dollar’s rally above last Thursday’s 7-week peak at 124.58 to 125.01 in New York on Wednesday signals upmove from 120.42 (July) has resumed and further gain is envisaged after consolidation.
However, reckon price may falter below June’s near 13-year peak at 125.86 ahead of Friday’s key U.S. jobs report and yield retreat later.
On the downside, only below 124.58 (previous resistance, now support) would indicate a temporary top is made and shift risk to downside for retracement towards 124.02 but support at 123.80 should remain intact.
[B]DAILY MARKET OUTLOOK [/B]
Update Time: [B]13 Aug 2015[/B] [I]08:23 GMT[/I]
[B]USD/JPY - 124.51[/B]
Despite the greenback’s sharp sell-off from 125.28 to as low as 123.79 yesterday, subsequent strong rebound on broad-based dollar strength suggests aforesaid correction has possibly ended and consolidation with upside bias would be seen.
However, above 125.07 is needed to signal the erratic rise from 120.42 has resumed and yield re-test of 125.28.
Above would extend gain towards 125.50/60 but June’s near 13-year peak at 125.86 should remain intact this month and yield retreat later.
On the downside, only below 123.79 would confirm a temporary top has been made and risk would shift to the downside for a stronger retracement towards 123.52, then 123.01.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]18 Aug 2015[/B] [I]08:12 GMT[/I]
[B]USD/JPY - 124.25[/B]
Despite the greenback’s sharp sell-off from 125.28 to as low as 123.79 last Wednesday, subsequent strong rebound on broad-based dollar strength suggests aforesaid correction has possibly ended and consolidation with upside bias would be seen.
However, above 125.07 is needed to signal the erratic rise from 120.42 has resumed and yield re-test of 125.28. Above would extend gain towards 125.50/60 but June’s near 13-year peak at 125.86 should remain intact this month and yield retreat later.
On the downside, only below 123.79 would confirm a temporary top has been made and risk would shift to the downside for a stronger retracement towards 123.52, then 123.01.
[B] DAILY MARKET OUTLOOK[/B]
Update Time: [B]24 Aug 2015[/B] [I]08:21 GMT[/I]
[B]
USD/JPY - 120.31[/B]
As the greenback continues to ratchet lower on active buying of the Japanese currency on risk aversion due to global sell-off in equities, suggesting the decline from June’s near 13-year peak at 125.86 remains in progress and consolidation with downside bias would be seen for weakness towards 119.80/85.
However, over sold condition would prevent steep fall below there and reckon support at 119.48/50 would remain intact and yield a much-needed correction later this week.
On the upside, only above resistance at 121.82 would confirm a temporary low has been made and yield stronger retracement towards 122.06 but 122.37 should hold and bring another retreat later.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]26 Aug 2015[/B] [I]08:20 GMT[/I]
[B]USD/JPY - 119.58[/B]
Despite the greenback’s spike down to a fresh 7-month trough at 116.15 yesterday on the global rout in stock markets due to growth concerns in China, subsequent strong rebound to 120.11 today suggests a temporary low has been made there and consolidation with upside bias would be seen for a stronger retracement towards 120.40/42.
However, near term loss of momentum would keep price below 121.28 and bring another fall later this week.
On the downside, only below 118.25 would indicate aforesaid correction has ended and turn outlook bearish for a resumption of recent downtrend from June’s high at 125.86 for a re-test of 116.17.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]28 Aug 2015[/B] [I]08:02 GMT[/I]
[B]
USD/JPY - 120.74[/B]
Dollar’s rise above previous resistance at 120.40 to 121.40 signals the erratic upmove from Monday’s 7-month trough at 116.15 has once again resumed and consolidation with upside bias would be seen for gain towards 121.80/82.
However, near term loss of momentum would keep price below resistance at 122.10/15 and yield a much-needed correction early next week.
On the downside, only below support at 119.79 would confirm a temporary top has been made and yield stronger retracement towards 118.90/92.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]14 Sep 2015[/B] [I]08:12 GMT[/I]
[B]USD/JPY - 120.15[/B]
Despite the greenback’s retreat to 118.60 last Friday, subsequent strong rebound and spike up to 121.34 last Thursday suggests the pullback from 121.74 has possibly ended there and consolidation with upside bias would be seen for gain towards 121.50/60.
However, aforesaid resistance should remain intact on first testing and bring a retreat later today or tomorrow.
On the upside, only above resistance at 120.92 would indicate above mentioned pullback has ended and turn outlook bullish for a re-test of 121.74.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]15 Sep 2015[/B][I] 08:34 GMT[/I]
[B]USD/JPY - 119.61[/B]
The greenback’s intra-day strong retreat suggests the recovery from September’s low at 118.60 has ended at 121.35 last week and consolidation with downside bias would be seen ahead of this week’s Federal Reserve rate decision.
Below 118.86 would confirm this view and yield re-test of 118.60, break extends erratic decline from August’s peak at 121.74 to 118.20/22 before prospect of a rebound due to loss of momentum.
On the upside, only above 120.65 would revive bullishness for gain towards 121.35, above would yield further headway to 121.50/60 but resistance at 121.74 would remain intact.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]17 Sep 2015[/B] [I]08:18 GMT[/I]
[B]
USD/JPY - 120.92[/B]
Despite the greenback’s sharp retreat on Tuesday to 119.40, subsequent strong rebound suggests further choppy trading above September’s trough at 118.60 would continue ahead of today’s Federal Reserve rate decision with mild upside bias and gain towards 121.34 is likely to be seen.
A breach of said level would indicate aforesaid upmove has resumed and yield towards 121.70/74 before prospect of a correction early next week.
On the downside, only below 119.40 would indicate the recovery from 118.60 has ended instead and turn outlook bearish for weakness towards 118.10/20.
DAILY MARKET OUTLOOK
Update Time: [B]23 Sep 2015[/B] [I]08:14 GMT[/I]
[B]USD/JPY - 120.29[/B]
Despite greenback’s selloff to 119.06 in last Friday’s European session, subsequent intra-day rally to 120.04 near New York close confirms signals price would continue to gyrate inside recent broad range of 116.15-121.74 and near term upside bias is seen for gain towards 121.00 but resistance at 121.34 (Sep 10 high) should hold on 1st testing.
On the downside, only below 119.40 would shift risk to downside for a re-test of 119.06, break would extend weakness towards 118.60 before prospect of a rebound.
] [B]DAILY MARKET OUTLOOK [/B]
Update Time: 02 Oct 2015 [I]08:26 GMT[/I]
[B]USD/JPY - 120.11[/B]
Despite the greenback’s selloff to 119.25 on Monday, subsequent rebound suggests further choppy trading above September’s low at 118.60 would continue with mild upside bias and gain towards 120.66 is likely to be seen, break would extend towards 120.99, however, last Friday’s high at 121.24 should remain intact and yield retreat later.
On the downside, only below 119.25 would revive bearishness for weakness to 119.06, below would indicate near term decline from 121.35 has resumed and extend to 118.86 but aforesaid September’s low should remain intact.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]05 Oct 2015[/B] [I]08:21 GMT[/I]
[B]USD/JPY - 120.10[/B]
Despite Friday’s swift selloff from 120.41 to 118.68 after the release of disappointing U.S. jobs report, subsequent strong rebound due to the rally in Dow Jones suggests further choppy trading above September’s low at 118.60 would continue with mild upside bias and above 120.41 would yield stronger gain to 120.66/70.
However, near term loss of momentum would keep price below resistance at 120.99.
On the downside, only below 119.21 would abort daily bullishness on the buck and turn outlook bearish for weakness towards 118.60/68 area.
[B]DAILY MARKET OUTLOO[/B]K
Update Time: [B]12 Oct 2015[/B] [I]08:16 GMT[/I]
[B]USD/JPY - 120.17[/B]
Despite Thursday’s sharp retreat to 119.63, subsequent rebound helped by increased risk appetite due to the rally in global equities suggests further choppy trading above September’s trough at 118.68 would continue with upside bias and gain towards 120.38, then 120.57 (reaction high) would be seen, break there would retain bullishness for 120.99/00 before prospect of a correction early next week.
On the downside, only below 119.21 would abort daily bullishness on the buck and turn outlook bearish for weakness towards 118.60/68 area.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]15 Oct 2015[/B] [I]08:04 GMT[/I]
[B]USD/JPY - 118.35[/B]
The greenback’s intra-day sharp selloff and subsequent breach of September’s trough at 118.60 signals the erratic decline from 121.75 has once again resumed and consolidation with downside bias would be seen for further weakness towards 118.29, then 117.79.
However, near term loss of momentum would keep price above 117.50/60 and yield a much-needed correction early next week.
On the upside, only above 118.88 (previous support, now resistane) would indicate a temporary low has been made and turn outlook bullish for a stronger retracement towards 119.17/20.
[B]DAILY MARKET OUTLOOK[/B]
Update Time: [B]16 Oct 2015[/B] [I]08:14 GMT
[/I]
[B]USD/JPY - 119.06[/B]
Despite the greenback’s sharp selloff below September’s trough at 118.60 to 118.06 yesterday, subsequent strong rebound on the release of upbeat U.S. jobless claims and inflation data signals the erratic decline from 121.75 has formed a temporary low there and consolidation with upside bias would be seen for a stronger retracement towards 119.25/30, then to 119.66.
However, loss of momentum would keep price below 119.90 and bring another fall early next week.
On the downside, only below 118.60 would indicate aforesaid recovery has ended and turn outlook bearish for a re-test of 118.06.