The USD/JPY pair has been moving higher since the middle of January, as traders brace for any change or degree of monetary policy from Japan’s new central bank chief. With the current governor’s tenure set to end on April 8, the new BoJ chief, Kazuo Ueda, will be faced with a tough set of problems. […]
USD/JPY has been one of the most active currency pairs in the foreign exchange market, with investors closely monitoring the Bank of Japan (BoJ) governor’s position as Haruhiko Kuroda’s term is set to expire on April 8. A former BoJ policymaker, Kazuo Ueda, is expected to be appointed as the next governor, according to The […]
Market Analysis – February 9 The strength of the downward trend on the USDJPY market has declined notably since December. The ADX (Average Daily Index) declined gently from December until February. USDJPY Key Zones Demand Levels: 131.30, 127.50, 124.90 Supply Levels: 134.40, 142.00, 150.00 USDJPY Long-Term Trend: Bullish The USDJPY’s impulsive swings highlighted the market’s direction. […]
Market Analysis – January 5 USDJPY displays a bearish market structure on the higher (daily) time frame. The market appears to be very bearish. USDJPY Key Levels Resistance Levels: 139.20, 144.60, 149.90Support Levels: 131.50, 126.60, 125.00 USDJPY Long-term Trend: Bearish USDJPY is currently delivering the sell-side of the market. The market was bullish from August […]
USDJPY Analysis – December 8 USDJPY buyers are fighting to keep the price on its uptrend. The market has enjoyed a tremendous period of bullish activity. However, indications show that the bullish regime might be coming to an end. The market rally started on March 11 when the USD/JPY broke beyond the 116.120 key level. […]
USDJPY Analysis – December 1 USDJPY approaches the daily bullish order block earnestly from the diagonal resistance. Following the fake-out at the diagonal resistance, the price has been depreciating. However, it appears that the bulls have already built their buy orders above the 130.400 demand zone. USDJPY Significant Zones Demand Zones: 130.400, 126.400Supply Zones: 145.100, […]
The USD/JPY pair dropped by 420 or so points between the Asian and US sessions on Thursday, highlighting its vulnerability to US data and the dollar index (DXY). Following last night’s speech by Federal Reserve Chair Jerome Powell, the decline gained momentum, and it persisted during the Asian session as Bank of Japan policymaker Asahi […]
USDJPY Analysis – November 24 USDJPY buyers prepare for entry around the diagonal support. Amidst the USDJPY buyers’ dominance in the market, the USDJPY sellers were successfully able to find a proper entry at a major level in the market. However, the bearish season seems to be coming to an end as the price approaches […]
USDJPY Analysis – November 17 USDJPY buyers finally resume the uptrend after a discount. Up until late October this year, USDJPY buyers had been in absolute control of the market. Though the market’s order flow is still bullish, the USDJPY sellers have been having a nice moment in this current phase. USDJPY Significant Zones Demand […]
