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  1. USD/JPY in Oversold

    by , 09-05-2019 at 02:51 PM
    US Dollar weakness and a general push toward counter-cyclical perceived haven assets have seen the Japanese Yen break through an important barrier against the greenback. However, Yen bulls have yet to nail down their gains and they may yet lose them if they can’t do so this month. At the start of August, USD/JPY slipped below an important medium-term monthly-chart uptrend line which had previously held since May 2016. It didn’t remain below it for the entire month but did close out underneath, where, ...
  2. USD/JPY: Bullish Pattern

    by , 05-23-2019 at 12:09 PM
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    We are tracking a bullish 5-3 wave pattern for USD/JPY. This is where you have a 5 wave motive wave to start a new trend followed by a three wave partial retracement.

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    The motive wave began on January 2, 2019 and carried to March 5, 2019. From there, a sideways flat pattern carved in three waves labeled (a)-(b)-(c). The wave structure from the May 13 low appears to be a leading diagonal pattern. ...
  3. Japanese Yen Technical Analysis: USDJPY Daily Bullish

    by , 04-15-2019 at 11:39 AM
    The Japanese Yen has returned to the defensive against the US Dollar after a period of daily-chart strength last week, with USD/JPY well illustrating the value of Fibonacci retracement levels to technical analysis.

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    Between April 7 and 10 the pair retreated below the uptrend channel which had previously bounded trade since the lows of March 25. A surge in market risk aversion saw the Dollar and Yen locked in a ‘battle of the havens’ which ...
  4. US Dollar Surges versus Yen - Focus shifts to FOMC Minutes and Fed policy as correlations to yields surge

    by , 11-21-2014 at 01:27 AM
    The US Dollar continues to surge versus the downtrodden Japanese Yen. What could determine whether the USDJPY breaks even higher?

    Source: FXCM

    Strong Correlations to US Treasury Yields Keep the US FOMC Minutes, Fed Policy in Focus

    ...
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  5. USDJPY Technical Analysis - Bearish Engulfing Pattern Finds Confirmation

    by , 10-04-2014 at 07:50 PM
    • USD/JPY Technical Strategy: Sidelines Preferred
    • Bearish Engulfing Pattern Finds Confirmation
    • Close Below 108.00 Floor May Open 107.00

    USD/JPY is at a critical juncture as the confirmation of a Bearish Engulfing formation warns of a deeper setback for the pair. A close under the 108.00 floor would be required to open the next leg lower to the 107.00 barrier.

    Bearish Engulfing Pattern Receives Confirmation
    ...