USD/JPY analysis

[LionelID]

The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 112.50, adding 0.18%. I believe that the support is now located at around 111.47, Monday's low, and resistance is likely at 113.27 - the maximum of Wednesday.

 

[csc2009]

The pair remains strong upward momentum, resistance level can be found at 113 handle and follow by 113.25/30 zone.

 

[dianajs]

The pair remains strong upward momentum, resistance level can be found at 113 handle and follow by 113.25/30 zone.

I agree. Also, I don't think the renewal of the upward trend will be confirmed before a breakout above 113.30.

 

[dianajs]

113.20 - 113.30 turned out to be a very strong resistance. I shorted at 112.95 and I haven't closed the short position yet. I think the pair will drop to 112.60 at least.

 

[Jenny FX]

On Monday, the currency pair dollar/yen recorded a volatile session. The day was opened at 112.62, and at the end of the day the pair reached 112.75. The rate repeatedly resisted the resistance at 112.90, but failed to establish itself above it. This brought a peak for the bulls at 113.05, and the bears only reached the bottom at 112.44.

 

[Jenny FX]

Support: 111.00; 110.20; 108.80;
Resistance: 112.90; 114.30;

 

[fxstrategist]

Usdjpy

There could be a long entry opportunity on the USDJPY above the 113.00 level, but the pair has failed to confirm a breakout above that level, I think it would be wise to wait for confirmation of the breakout and go long on the pullback to the same 113.00 level.

 

[dianajs]

My short position reached the target at 112.60 but I haven't closed it. Instead I opened another one, both with target 112.00.

 

[fxstrategist]

Usdjpy

The USDJPY bounces again to the downside from the 113.00 level, but it is consolidating. The 112.00 level is still its nearest support.

 

[LionelID]

Thursday was fourth consecutive volatile day for the dollar-yen currency pair. The day brought 7 pips to the US dollar assets. Its start was set at 112.74 and its end came at 112.81. During the day the bulls broke the first resistance to record a peak at 112.91 and the bears took their bottom at 112.41.

 

[LionelID]

The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 112.62, losing 0.17%. I believe that support is now at around 112.33, Wednesday's low, and the resistance is at 113.44, the maximum of Friday's trading.

 

[csc2009]

Usd/Jpy turn negative on North Korea missile test, but short term the pair is within the range between 112 to 113.

 

[dianajs]

Usd/Jpy turn negative on North Korea missile test, but short term the pair is within the range between 112 to 113.

The pair is range-bound but the upward trend appears exhausted. I think there will be a move to the downside this week.

 

[Jenny FX]

The dollar recorded a volatile session against the yen on Tuesday. Ultimately, the final was put in favor of the Asian currency. Trading started at a rate of 112.67, with early bearish mood dominating. As a result, the two supports at 112.30 and 112.12 were punctured after the pair hit bottom at 111.98. The dollar then recovered some of the losses.

 

[Jenny FX]

Key levels to watch for:
Support: 112.30; 112.12;
Resistance: 113.47; 113.84;

 

[LionelID]

The dollar / yen tried to lower yesterday, forming a bottom at 111.98, but closed slightly higher at 112.44. The signals are neutral so far, but the price is still in the bears phase after the downward pin bar formation at the key resistance of 113.20. Immediate support is seen at 111.65. A clear breakthrough and daily closure below this level will open the doors to 111.00 - 110.65.

 

[LionelID]

The dollar / yen did not make a substantial move yesterday. There is no change in my technical predictions. Expectations remain neutral in the short term, but the price is still in the downstream phase after the formation of the bearish pin bar at the key resistance 113.20. Support for the day we have at 111.65. A clear breakthrough and daily closure below it will clear the way down to 111.00 - 110.65. Generally I remain neutral.

 

[dianajs]

USD/JPY is relatively bearish and the resistance at 113.40 is still holding. I think that if it falls below 112.00 it will continue depreciating at least to 111.20 - 111.00.

 

[arigoldman]

Difficult to trade for the last week.

 

[csc2009]

Usd/Jpy has just recovered 112 level, as long as the pair trading above it's long term critical support level at 111.10, I believe the risk remains on the upside.