JPY Trading Outlook


 
17.4.2014-14.4.2014 11.4.2014-7.4.2014 4.4.2014-31.3.2014 28.3.2014-24.3.2014 21.3.2014-17.3.2014 14.3.2014-10.3.2014 6.3.2014-3.3.2014 28.2.2014-24.2.2014 21.2.2014-17.2.2014 14.2.2014-10.2.2014 7.2.2014-3.2.2014 31.1.2014-27.1.2014 24.1.2014-20.1.2014 17.1.2014-14.1.2014 8.1.2014-8.1.2014 3.1.2014-23.12.2013 19.12.2013-16.12.2013 13.12.2013-9.12.2013 6.12.2013-2.12.2013 29.11.2013-25.11.2013 22.11.2013-20.11.2013 1.11.2013-28.10.2013 25.10.2013-21.10.2013 18.10.2013-14.10.2013 11.10.2013-7.10.2013 2.10.2013-30.9.2013 27.9.2013-16.9.2013 13.9.2013-11.9.2013 23.8.2013-12.8.2013 9.8.2013-5.8.2013 30.7.2013-29.7.2013 25.7.2013-22.7.2013 18.7.2013-15.7.2013 12.7.2013-9.7.2013 28.6.2013-24.6.2013 21.6.2013-19.6.2013 7.6.2013-3.6.2013 31.5.2013-28.5.2013 23.5.2013-20.5.2013 17.5.2013-14.5.2013 10.5.2013-6.5.2013 2.5.2013-30.4.2013 26.4.2013-22.4.2013 16.4.2013-16.4.2013 10.4.2013-25.3.2013 21.3.2013-19.3.2013 15.3.2013-11.3.2013 7.3.2013-4.3.2013 1.3.2013-25.2.2013 22.2.2013-18.2.2013 15.2.2013-12.2.2013 8.2.2013-4.2.2013 1.2.2013-28.1.2013 25.1.2013-21.1.2013 18.1.2013-14.1.2013 11.1.2013-7.1.2013 4.1.2013-2.1.2013 27.12.2012-18.12.2012 12.12.2012-10.12.2012 7.12.2012-26.11.2012 22.11.2012-12.11.2012 9.11.2012-5.11.2012 2.11.2012-29.10.2012 26.10.2012-22.10.2012 19.10.2012-15.10.2012 12.10.2012-8.10.2012 5.10.2012-1.10.2012 28.9.2012-24.9.2012 21.9.2012-17.9.2012 14.9.2012-10.9.2012 7.9.2012-3.9.2012 31.8.2012-27.8.2012 24.8.2012-20.8.2012 17.8.2012-13.8.2012 10.8.2012-6.8.2012 3.8.2012-30.7.2012 27.7.2012-23.7.2012 20.7.2012-16.7.2012 13.7.2012-9.7.2012 6.7.2012-2.7.2012 29.6.2012-26.6.2012 22.6.2012-18.6.2012 14.6.2012-11.6.2012 8.6.2012-4.6.2012 1.6.2012-28.5.2012

17th April

USD/JPY: After six straight failed attempts to push the pair lower, bears finally gave up and the USD/JPY finally pushed back above 102 with the help of recovered Nikkei. USD/JPY has run into the daily cloud base and the 38.2% of the April wide by 102.39 today. The cloud base drifted up to 102.48 next week and stops are noted above 102.50. Limited pullbacks gave confidence to the bulls, daily Tenkan & 50% of the April slide are by 102.73, with the Kijun at 102.67.

16th April

USD/JPY: Offers by 102 capped the USD/JPY again yesterday, Unlike Monday, the push was below the hourly cloud. But Nikkei tends to open higher today which could help the pair to rally above 102 area. Given today's post Abe-Kuroda meeting comments, launching QQE2 at the late April BOJ meeting would be a surprise. Massive short yen spec positioning is banking on either the BOJ ease more, reinflation persisting and reducing real Japanese yields and the value of the Yen. USD/JPY major support at 101.20 and 100.80. Resistance at 102.25 and 102.55.

15th April

USD/JPY: The Nikkei joined other major equity markets in recovering which helped the pair rallied to a high of 102. However offers at 102.10-20 drifted the pair back down to the 100-HMA & Cloud top. If 100 HMA & Hourly cloud breaks, market would try to target for 200 HMA at 102.55 area.

14th April

USD/JPY: The pair remained in a range play mode of 101.30-101.80. However, the fact that 101.20 was unable to break while Nikkei futures made new lows for the year o/n created some doubts about s-t USD/JPY downside. For now, the pair need to either break 101.20 or 102.20 for further confirmation, US stocks, Nikkei and Treasury yields still remain relatively heavy.


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