Yet another stunning observation from arigoldman, wherever do you get this inside information from?
Usd/Jpy is consolidating on the low, lack directional strength. Critical support can be seen at 105.00 level, break below could further decline.
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The market may need to monitor the position of the Japanese authorities, as they may start to get nervous after the yen broke the bar 105 against the dollar, says Takuya Kanda, Director General of the research Institute Gaitame.Com Tokyo. “The trend of the dollar to the yen clearly indicates a downward movement, and the pair may fall even more after a rapid decline below the psychological level of 105.25 and 105.” The market is concerned about the tension in trade relations between China and the US, but we need to listen carefully to what the Japanese authorities will say. There is no clear support for USD/JPY after break below 105; it is also necessary to follow stock prices to see if the yen buying will be strengthened as a defensive asset or safe haven asset. Note: USD/JPY dropped 0.4% to 104.84 after earlier falling to 104.64, the lowest level since November 9, 2016
Usd/Jpy falls into the range between 104.65 to 105.29 short-term, but the risk remains on the downside.
Usd/Jpy is almost trading flat after being rejected from 107.00 level, I’m expecting the consolidation continues until next week macro releases and NFP.
The week starts with a gap up in H4 chart, but still consolidating within the range between 106.60 to 107.90.
Usd/Jpy is consolidating its gains below its immediate resistance level at 109.54, the direction of the pair depends a lot on this week key data.
Amazing rally on the USDJPY to the 110.00 level. The pair may find some resistance at the current levels, but the bullish momentum is still in place.
Usd/Jpy pulled back and consolidating short term, but long term the pair still appear to be bullish. Break below the support level around 108.63 could signal a deeper pullback.
Usd/Jpy has failed twice to break above the resistance at 110.04, currently trading sideways around 109.40, showing no clear direction.
Bulls are still in control, fresh acceleration push Usd/Jpy is trading above 111.00 level after the US-China trade war is on hold. Next important resistance is at 112.
The pair recovered from the opening bullish gap, lost it upward momentum, consolidation may continue around 109.40 level.
Important resistance level can be found at 110.00 level, only if break above the pair could continue its bullish trend.
Dollar regains its bullish momentum ahead of Trump-Kim summit on Tuesday, there is room to extend to 110.20, break above next target would be around 111.20 level.
Quiet Monday, the pair bullish trend taking a short break, resistance can be found at 110.90/111.00, and immediate support lies at 110.16.
Resulting from fear of the trade war escalating push the pair down below 110.00 level, immediate support is around 109.10/20 zone.
Usd/Jpy has a brief moment of consolidation around 110.70, the pair would test 110.50/60 zone, break below next target will be 110.20.
The USDJPY keeps a good bullish momentum, but it may lose some strength at the 111.39 peak. The 110.00 level may act as support to the downside.
Usd/Jpy is in search of direction, the pair is almost trading flat, range narrow to 110.30 to 110.80.
The pair had a little bounce, but bullish is not over yet, resistance is around 112.80 level, a breakthrough would further upside movement.