6 febbraio 2012

USD/JPY Mid-Day Outlook

No change is USD/JPY’s outlook. Consolidation from 76.02 is still in progress and stronger recovery might be seen to 55 days EMA (now at 77.12). But we’ll continue to stay bearish as long as 78.28 resistance holds. Fall from 79.52 is expected to resume sooner or later and below 76.02
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USD/JPY retesting post-NFP highs

USD buyers appear to have re-grouped to launch another attack vs the Japanese Yen amid a slow Asian session, with most market participants more focus on the ‘Superbowl’ latest highlights than in FX-related issues.

Current price has gone as high as 76.72, a jump of 20 pips to retest the highs hit …

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USDJPY: Maintains Its Bear Bias, Vulnerable

USDJPY: Our outlook on USDJPY remains lower as it closed lower the past the week. Despite its one-day recovery on Friday, its broader bias remains lower with eyes on the 75.57 level, its Oct’2011 low. A break of that level will pave the way for a run at the 74.00 level and then the 73.00 level, all…

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USD/JPY Weekly Outlook

USD/JPY dropped sharply to as low as 76.02 last week but made a temporary low there and recovered. Initial bias is neutral this week for some consolidations and the pair might recover back towards 55 days EMA (now at 77.14). Though, note that the strong break of 76.55 support confirmed
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USD/JPY Mid-Day Outlook

The strong rebound and break of 76.42 minor resistance indicates short term bottoming in USD/JPY. Intraday bias is mildly on the upside for rebound towards 55 days EMA (now at 77.12) But after all, there is no clear indication of near term reversal as long as 78.28 resistance holds. That
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USD/JPY Mid-Day Outlook

While downside momentum in USD/JPY remains unconvincing with 4 hours MACD staying above signal line, we don’t see any strength for rebound yet. With 76.42 minor resistance intact, intraday bias is still cautiously on the downside for further fall. Whole decline from 79.52 is expected to continue to 75.56 low.
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USD/JPY Mid-Day Outlook

Intraday bias in USD/JPY remains on the downside with 76.42 minor resistance intact even though downside momentum is a bit unconvincing. Current decline is expected to continue to 75.56 low. On the upside, above 76.42 minor resistance will indicate temporary bottoming and bring recovery back towards 4 hours 55 EMA
Action Insight (All Reports)

USD/JPY Mid-Day Outlook

Intraday bias in USD/JPY remains on the downside with 76.42 minor resistance intact even though downside momentum is a bit unconvincing. Current decline is expected to continue to 75.56 low. On the upside, above 76.42 minor resistance will indicate temporary bottoming and bring recovery back towards 4 hours 55 EMA
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USD/JPY getting mild lift from yields, risk

It took a while, and the results ain’t exactly breath-taking, but USD/JPY has climbed off the mat, rebounding to the 76.26 level from 76.03 in early New York.

The risk-on scenario is helping underpin the JPY pairs marginally as US bond yields recover from another probe below 1.80% in 10s and the …
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USD/JPY Going Into “Paint-Dry” Mode As it Trades at the 76.00 Handle

76.00 is a psychological support for USD/JPY, while the 75.55 level is the record low. The market has been bearish since being rejected sharply at 78.25 as can be seen in the 4H chart. After breaking below a range support at 76.55, the market continued sharply lower until it got near 76.00. The USD…

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