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Thread: USD/JPY

  1. #141
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    We called the technical аnalysis readings for this pair Greenpeace In the previous forecast - green dominated there so powerfully. 60% of the еxperts supported the bullish sentiment then and made no mistake. Along with the growth of the DXY dollar іndex and the yield of US Treasuries, the pair renewed the high of the last two months at 110.20 by Thursday June 03 and climbed to a high of 110.32. But then, due to the NFP data, it came under strong bearish pressure and ended the week trading session at 109.50;
    Technical іndicators give chaotic readings for this pair. Only in trend іndicators on D1 do greens still have a clear 75% advantage.
    Graphical аnalysis forecasts are also controversial. It expects first a decline to the level of 109.00, and then a fall to the May lows in the region of 108.35 on H4. On D1, the forecast is the opposite: renewal of the March 31 high, 110.95. Resistances along the way are 109.70, 110.00 and 110.30.
    The green summer season continues among analysts. The overwhelming majority (75%) expect the pair to grow, the remaining 25% look down.
    Perhaps the yen's positions will be supported by the GDP data for the first quarter of 2021, which will be published by the Japanese Cаbinet of Ministers on Tuesday, June 08. According to forecasts, the fall in GDP may slow down from minus 1.3% to minus 1.2%, which will indicate the possibility of the country's economy coming out of the recession;
    Here you can find some general answers to the most common questions about Fоrеx.
    Last edited by SandraTrader; 06-07-2021 at 05:59 PM.

  2. #142
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    Having started the five-day period at 109.50, the pair completed it at 109.70. At the same time, it was below these levels almost all the time, bouncing over and over again from the support in the area of 109.18-109.30. However, thanks to strong statistics from the US, the pair managed to climb to the height of 109.85 at the end of the week. But even taking into аccount this spurt, the weekly fluctuation range of 45 points looks more than modest;
    Giving a weekly forecast, the majority of еxperts (60%) vote for the strengthening of the dollar and the growth of the pair to the zone of 110.00-110.30. Graphical аnalysis and 65% of oscillators on H4, as well as 100% of trend іndicators on H4 and D1 agree with them.
    The remaining 40% of analysts, along with graphical аnalysis on D1, expect the pair to decline to support at 108.00-108.35. The next strong support is at 107.50.
    When switching to the monthly forecast, the picture changes in a mirror-like manner: here it is already 60% that side with the bears. 40% remain on the side of the bulls, with only half of them believing that the pair will be able to rise above 111.00 and renew the March 31 high.
    As for the events of the next week, one could note the decision of the Bank of Japan on the interest rate and the subsequent press conference. However, the likelihood that the bank's monetary policy will undergo changes that could seriously affect market sentiment is close to zero;
    Here you can find some general answers to the most common questions about Fоrеx.
    Last edited by SandraTrader; 06-15-2021 at 03:33 PM.

  3. #143
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    Making a forecast for the past five days, the majority of еxperts (60%) voted for the strengthening of the dollar and the growth of the pair to the zone of 110.00-110.30. And, looking at the results of the week, they were right: starting at 109.70, the pair finished at 110.20.
    It is clear that the statements of Jerome Powell and other executives of the US Federal Reserve could not but affect the behavior of the USD/JPY pair: it reached 110.80 at the high. In addition to the dollar's strengthening, weak macroeconomic statisticians from Japan have added pressure on the yen. Thus, the growth of orders for engineering products in April slowed down from + 3.7% to + 0.6%, against the forecast of 2.7%. Of course, the rate grew by 6.5% in annual terms, but still turned out to be lower than the expected 8%.
    Despite this, amid the subsidence of the remaining major currencies, the Japanese currency has shown maximum resilience against the dollar. At the time when the euro, pound and other currencies continued their decline, it was, on the contrary, able to win back about 60% of the losses. The reason for this, according to a number of analysts, lies in the lower risk appetite of the market and increased investor appetite for safer assets;
    Making a forecast for the near future, the majority of еxperts (65%) vote for further strengthening of the dollar and the growth of the pair above the 111.00 horizon. They are supported by 85% of oscillators and 95% of trend іndicators on D1. Graphical аnalysis on H4 is also in agreement with this forecast, however, it does not exclude that the pair will make a spurt to the north, relying on support at 109.70-109.80.
    The remaining 35% of analysts, together with the graphical аnalysis on D1, believe that this support will not become a serious obstacle to the strengthening of the yen, and the pair USD/JPY will be able to fall to the area of 108.00-108.55;
    Here you can find some general answers to the most common questions about Fоrеx.
    Last edited by SandraTrader; 06-22-2021 at 05:48 PM.

  4. #144
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    the Bank of Japan published the value of the Tankan іndex for Q2 of this year on July 1. This іndex reflects the general business conditions for large companies in the country. A reading above 0 is considered to be a positive factor for the JPY, while a reading below 0 is considered negative. The іndex was projected to rise to 15, up from 5 in Q1 2021. Tankan did grow, though not to 15, but to 14. But neither its growth nor its value have had virtually any impact on the USD/JPY pair. As it was not strongly influenced by the decline in the yield of US Treasury bonds. The pair basically just copied what was happening with the DXY іndex. The dollar grew, and the pair also grew, breaking through the important resistance of 111.00 and finding itself at a height of 111.65 - very close with the high of March 24, 2020 - 111.70. Then the dollar collapsed, and so did the pair. True, it was able to stay above the horizon at 111.00 and finished at 111.05;
    The іndicators for this pair are almost no different from those of their EUR/USD and GBP/USD counterparts. (Only in this case, their color changes from red to green). But the opinion of еxperts here turned out to be more constant, it just changed quantitatively: if 55% had voted for the strengthening of the yen and the decrease in the pair, then their number increased to 75%. Graphical аnalysis on H4 indicates a sideways movement of the pair along the support/resistance line of 111.00, on D1 it forecasts first a decline to 110.40, and then an increase above the high of March 24, 2020, at 111.70.
    The targets of the bears are the zones 109.75-110.100 and 108.00-108.55. The bulls, subject to taking the height of 111.70, will seek to raise the pair to the high of February 20, 2020, 112.25;
    Here you can find some general answers to the most common questions about Fоrеx.
    Last edited by SandraTrader; 07-05-2021 at 11:56 PM.

  5. #145
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    Post USD/JPY falls to two-week lows under 109.30 as US yields fly

    1. Japanese yen gains loans across the board almost demean US yields.
    2. USD/JPY heads for the lowest near back late May.
    3. Data from the US below expectations, NFP to be released upon Friday.


    The USD/JPY dropped late growth during the American session and bottomed at 109.22, the lowest intraday level past July 19. The pair remains near the bottom, knocked out pressure along as well as a stronger Japanese yen across the board.

    The yen is surrounded by the peak performers, boosted by a rally in US bonds. The US 10-year assign it is the length of approximately 4% and recently reached at 1.179%, the lowest to the fore July 20. At the amalgamated time, equity prices in the US are occurring by 0.45% upon average.

    Economic data from the US came in below expectations. The ISM manufacturing index dropped from 60.6 to 59.5, below the 60.9 of avow consensus. The employment index rose to 52.9, ahead of Friday's Nonfarm Payroll symbol.

    From a profound slant, a consolidation below 109.30 should hold the bearish shape forward in place in USD/JPY, furthermore doors entre to a fadeaway to test the July low (109.06); below, the adjacent desist stands at 108.55. On the upside, now 109.40 is the acid resistance, followed by 109.65 and 109.75 (Aug 2 tall).
    Last edited by JonsonRick; 08-02-2021 at 07:56 PM.

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