USD/JPY Articles

USD/JPY Key Support Fights off Another Downward Advance

Daily Chart – USDJPY 7/9/17 13:00 EST SupportResistanceS1: 109.10R1: 110. 25S2: 108.75 R2: 111.20S3: 108.20R3: 114.00 Essential Insights The USDJPY moved lower into the support zone in the last 48 hours and re-tested the low at around the 108.50 level. There has been only a small amount of commentary around the…

USD/JPY Soars From Key Support: Can It Last?

USDJPY Daily Chart 31/08/2017 13:00 EST Essential Insights The launch of a North Korean missile over Japan sparked a sharp fall in the USDJPY early in the week, pushing as low as 108.24 before an aggressive reversal saw it rise more than 200 pips in a matter of days. If…

FX Consolidates Ahead of Data

The major currency pairs remained confined to narrow trading ranges on Monday ahead of key economic reports due out this week. Tuesday’s US reports consist of the Q4 current account balance and retail sales. The current account deficit is forecasted to increase to $218.0 bln, up from the previous quarter…