JPY News

USDJPY remains in uptrend from 108.13, the fall from 113.04 would possibly be consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart. As long as the pair is in the channel, the upward movement could be expected to continue, and next target would be at 114.00 area. Key support is at 111.95, only a breakdown below this level will indicate that the upward movement had completed at 113.04 already, then the following pullback could bring price to 110.00 zone.

USDJPY broke out of the top of the price channel on 4-hour chart and reached as high as 114.32. Consolidation for the uptrend would likely be seen in a couple of days and pullback to the bottom of the channel is possible. However, as long as the pair is above 112.08 key support, the upward movement could be expected to continue after the consolidation and next target would be at 115.00 area. Only a breakdown below 112.08 key support could signal completion of the uptrend.

Japan posted a current account surplus of 2.907 trillion yen in March, the Ministry of Finance said on Thursday - down 2.2 percent on year.

more...

Can I request you to add fr GBPJPY please?

Originally Posted by TheNews

Japan posted a current account surplus of 2.907 trillion yen in March, the Ministry of Finance said on Thursday - down 2.2 percent on year.

more...

USDJPY continued its bullish movement from 108.13 and the rise extended to as high as 114.36. Near term support is at the ascending trend line on 4-hour chart. As long as the pair is above the trend line, the fall from 114.36 could be treated as consolidation of the uptrend and another rise towards 115.00 could be expected after the consolidation. Key support is now at 113.20, only a breakdown below this level will indicate that the uptrend had completed at 114.36 already, then the following pullback could bring price back to 110.50 – 111.00 area.

The M2 money stock in Japan was up 4.3 percent on year in April, the Bank of Japan said on Friday - coming in at 975.5 trillion yen.

more...

Producer prices in Japan were up 0.2 percent on month in April, the Bank of Japan said on Monday.

more...

USDJPY moved sideways in a narrow range between 110.86 and 112.13. Initial support is at 110.86, as long as this level holds, the fall from 112.13 could be treated as correction of the uptrend from 110.23, and another rise towards 115.00 could be expected after the correction. Near term resistance is at 112.13, a break of this level could signal resumption of the uptrend. On the downside, a breakdown below 110.86 support will indicate that the pair remains in downtrend from 114.36, then the pair will find support around 109.60.

The monetary base in Japan climbed 19.4 percent on year in May, the Bank of Japan said on Friday - standing at 455.995 trillion yen.

more...

Core machine orders in Japan sank a seasonally adjusted 3.1 percent on month in April, the Cabinet Office said on Monday - coming in at 835.9 billion yen.

more...