The broader bearish view would resume on a break below the April opening range low at 105.65 that aligns closely with the daily Tenkan-Sen (26-day midpoint) at 106.06 as key support. Should the price close below these levels, it would be difficult to argue that the trend is not continuing lower and could soon press towards the long-term Fibonacci target of 104.20. We typically take a contrarian view to crowd sentiment, and the fact traders ...
The monetary base in Japan was up 9.1 percent on year in March, the Bank of Japan said on Tuesday - coming in at 475.932 trillion yen. more...
USD/JPY has now fallen to levels not seen since late 2016 before Dollar’s ‘Trump trade’ bounce, which came as markets got used to the shock election of the current US President. Moreover, there are few obvious signs that a turnaround is in sight. The pair is certainly lower now that it was then, but it seems to be making a moderate attempt to base around the 105.40 area which has held for the past four days or so. As you can see from the ...
Japan's leading index declined more-than-expected at the end of the year, preliminary figures from the Cabinet Office showed Wednesday. more...
Overall nationwide consumer prices in Japan gained 1.0 percent on year in December, the Ministry of Internal Affairs and Communications said on Friday. more...
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