USD/JPY analysis

[arigoldman]

USD/JPY appears weak and further depreciation can be expected.

 

[LionelID]

The US dollar recorded a modest rise against the Japanese yen on Thursday. The currency pair opened at 111.16 and the price bounced back from 111.00. Eventually, the pair finished at 111.22 and if the bearish trend kept the most likely the dollar would be able to break the support at 111.00.

 

[csc2009]

After North Korea tested another missile that landed in Japan's exclusive economic zone, Yen continue to push lower, 110.00 become critical support.

 

[dianajs]

USD/JPY is range-bound around 110.50 and so far appears very undecided. I think we'll have to wait for the news later this week and especially the NFP for USD/JPY to pick a more clear direction.

 

[dianajs]

I think USD/JPY may rebound from 110.00 since it has formed a bullish inverted hammer bar on the H4 time frame at that level. Next target is around 110.50 - 110.70, in my opinion.

 

[dianajs]

As I thought it would, USD/JPY rebounded from 110.00 and not only reached 110.70 but it almost reached 111.00. I think that if the rally continues today we'll see it reach 111.50.

 

[dianajs]

For the moment I don't have any new positions as I don't think there will be any major changes before the US Non-Farm Payrolls tomorrow. I think range will continue until then.

 

[dianajs]

The range is getting tighter and tighter before the NFP. I recommend caution, once the news come out there will be a lot of volatility.

 

[arigoldman]

Support is expected at around 109.20. I'm thinking about going bullish if it gets there.

 

[Jenny FX]

After two successive days for the dollar, yesterday the yen fully offset losses, taking 68 pips out of the US dollar. At the beginning of the day one dollar was quoted at 110.72 yen, and at the end of the session the rate was 110.04. Extreme values ​​for the day were recorded at 109.85 and 110.82 respectively.

 

[Jenny FX]

USD/JPY
Key levels to watch for:
Support: 109.63; 108.30;
Resistance: 111.20; 112.75; 114.50.

 

[LionelID]

The dollar gained against other currencies after an unexpectedly strong US employment report indicated that the Fed will be able to fulfill its plan for a third rate hike this year. The pair USD / JPY rose by 0.6% to 110.67

 

[arigoldman]

USD/JPY has been trading choppy recently as price is fluctuating around 110. Neutrality now could be the best strategy.

 

[dianajs]

USD/JPY is range-bound again after the rally caused by the NFP last week. Despite the range, however, the pair is still bullish and I expect another rally to 111.20.

 

[dianajs]

USD/JPY did move to the downside after all. I think next target is the last local low at 109.84.

 

[dianajs]

USD/JPY did reach 109.84 as I thought it would. If it continues falling I think next target will be around 109.00.

 

[dianajs]

Despite the brief correction yesterday USD/JPY is moving to the downside again. I still have a short position open and I don't intend to close it for now.

 

[LionelID]

The dollar / yen tried to lower yesterday, making the bottom at 109.55, but closing higher at 110.05. The first resistance is seen at 110.35 (yesterday's peak). A clear break above this level could lead to future upward pressure testing for 110.80 - 111.00 or higher. On the downside, a clear breakthrough and daily closure under the trendline support line and 109.50 / 00 will trigger the bearish pattern.

 

[Jenny FX]

The dollar recorded a second consecutive loss against the yen on Wednesday. The US currency continued its losing session and as a result the first support at 109.62 was broken. However, short-term expectations are in favor of the dollar. Wednesday's trading was open at a rate of 110.30. The trend was volatile, but ultimately the bears prevailed and the pair hit the bottom at 109.55. The final line was cut at 110.05.

 

[Jenny FX]

USD/JPY
Key levels to watch for:
Support: 109.62; 108.80;
Resistance: 111.78; 112.18;