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USDJPY Discussions

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USD/JPY DAILY as of Tuesday, 26 March, 2013

The RSI has just reached its lowest value in the last 14 period(s). This is BEARISH signal. SAR signal was a Sell 2 days ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

BELOW its 20 daily moving average

The current market condition for US Dollar / Japanese Yen is Bullish

A Daily black body has formed (because prices closed lower than they opened).

For the past 10 Daily candlestick bars as of 25/03/2013, there are 3 white candles versus 7 black candles with a net of 4 black candles.

For the past 50 Daily candlestick bars as of 25/03/2013, there are 24 white candles versus 26 black candles with a net of 2 black candles.

Three Daily black candles has formed during the last three Daily bars. Although these candles were not big enough to create three Daily black crows, the steady downward pattern is bearish.

jpy-candle-d.thumb.png.2ee22261ed52a02fac1c4f3e7882f0c0.png

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Yens continued their journey in descending channels and testing the lower trend line. Current price action suggest Bears are running out of momentum in JPY pairs. If you are Short keep your Shorts , Short otherwise look for nice Long Entries but don’t jump in too soon. Caution with Yens.

Our outlook for the Yen pairs is sideways. Here's a detailed look at Usd/Jpy for 28th March:

5aa711d221e2f_usdjpy28th.jpg.73a7c42a17d717a107cbc8b09b59fd5c.jpg

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Hi,

As opposed to the other Yen currency pairs, today Usd/Jpy is forecasted to go long.

Yens continued their journey in descending channels and are testing the lower trend line. Current price action along with resistance and European currencies getting weaker, indicate at shorts in most pairs except Usd/Jpy.

Best

TradeCuts

5aa711d46c80f_usdjpy3rdap.jpg.a69dfedc7d02cc302b9f0714eaba566e.jpg

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How has Abenomics been doing so far?

 

Japan's global brand names have been benefitting greatly from the devaluation of the Yen. There is Toyota that will have its earnings release on Wednesday that is going to be extremely good. Demand is on the rise in North America for the car maker despite the recent airbag defects.

 

Sony is expected to report its first annual profit in 5 years, but this is a little misleading. The major reason for this will be the billion-dollar sale of its headquarters in NYC.

 

As much as exports have picked up due to Abenomics, they could be much better. One has to take into account the slow demand from the stabilizing EU which has hurt exports. In terms of its competition with neighboring China, there has been much made of the fact that economists feel that Chinese exporters have exaggerated data and this is why the February numbers were better than expected.

 

Still, Japan has been losing its grip over the last two decades. Southeast Asia is the fast growing region with much to offer investors.

 

Japan is hedging a lot of its bets on the successful outcome of Abenomics.

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The strong impulsive look of the rally from 75.50 suggests that USD/JPY is now in a long term up trend. Key focus will be on current 100/103.10 resistance zone. Sustained trading above there would open up the case for further extension through 124.13 resistance in the long term. For the short term (week) i am expecting a pull back from the ecent highs.

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The Japanese yen rallied after a fresh 4-1/2 year low, helped by weaker-than-expected Chinese data and selloff in Japanese stocks boosted risk aversion. The yen was also supported due to the jump in 10-year Japanese government bond yields, which rose to 1%, the highest in a year. USD/JPY closed at 101.28 on Friday i will play the rebound from that level up to 102

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USD/JPY extended its decline down to key support around the 95.00 level and managed to rebound and recover that loss intra-day, that move makes me believe that mabe we will see a further recovery above 100.50

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USD dropped sharply against the yen in the beggining of the week but then recovered these losses. US releases looked sharp and the improving US economy bodes well for the dollar. At the same time, the Japanese economy has been picking up steam, and if this week’s inflation numbers are strong, the yen could gain ground.

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Taking the move from 105 in mths i do see the current up move from 80-100 is sure lot without form of corrections.... but at same time, look at the retracement of tthe downmoves from there on and on all way till below 80 since start 01082008.... given current pricing 96-97 area, in my view it seems sweet for a short.... but on note, i am seeing the cake at 104.45 for a sweeter short, casting retracement towards south or reversal.... 104.45 which is just below 105 seems sweeter and much convincing in terms for the sellers to start loading retracement/reversal....

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I think we will come down to 99.8x-9x level early next week and we will get a bounce upwards. if the bounce is impulsive upwards and takes out current highs within 16 hours then we are continuing the upmove. If we get a corrective bounce, then likely we head down to at least 98.5 level...

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Daily and weekly TF point to the upsides though. theres resistance at 103.79 on the weekly TF and we were hoping for a retracement on the daily to about 100.3.

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Man, Usd/Jpy is getting killed...

 

USDJPY Slumps Most In 4 Months As Nikkei Futures Tumble 450 Points

 

USDJPY – Testing recent lows at 104.15.. below the sell stops of 104.10 are bids at 104.00

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