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USD/JPY
Aug 19, 2016 13:12:08 GMT -8
Post by Mr Oakmont on Aug 19, 2016 13:12:08 GMT -8
Saturday morning here in Australia and I've jumped on quickly to check the charts and what has happened over night.. Looking at USD/JPY it hasn't moved much but has formed a nice little triangle on the 4hr chart. Going to watch this pair and wait for a breakout.. I'm expecting a bullish breakout but we'll have to wait and see!! Attachments:
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USD/JPY
Aug 25, 2016 13:50:51 GMT -8
Post by Mr Oakmont on Aug 25, 2016 13:50:51 GMT -8
In Japan, the corporate services price index rose 0.4%, above the 0.1% increase seen year-on-year. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted at 94.73. Overnight, the dollar pushed higher against the other major currencies on Wednesday, despite the release of weak U.S. existing home sales data as sentiment on the greenback continued to strengthen ahead of Federal Reserve Chair Janet Yellen’s highly anticipated speech on Friday. The U.S. National Association of Realtors said existing home sales decreased by 3.2% in July to 5.39 million units from the 5.57 million units in June. The consensus forecast was for a 0.4% decline to 5.51 million units. Markets were jittery as investors wait to see if Yellen will restate the hawkish view of the economy expressed by Fed officials last week or echo the minutes of the Fed’s July meeting, which indicated that officials are divided on when to raise rates.Fed Rate Monitor Tool showed an 18% chance of a rate hike by September, up from 12% at the start of last week. I'm expecting a bearish breakout
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USD/JPY
Aug 26, 2016 14:18:45 GMT -8
Post by dmiller on Aug 26, 2016 14:18:45 GMT -8
I had a sell on the USD/JPY last night and next minute the USD/JPY HAULED through my SL and made me lose $250.. HA! Forexlife.
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USD/JPY
Aug 26, 2016 23:31:32 GMT -8
Post by kichie on Aug 26, 2016 23:31:32 GMT -8
This is where fundamental trading comes in handy Dmiller. To an extend you have to keep updated on the news so you know about major events that will influence the market in such manner and you won't lose out on so much money. Better luck next time though!
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koozi
New Member
Posts: 7
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USD/JPY
Aug 27, 2016 13:43:16 GMT -8
Post by koozi on Aug 27, 2016 13:43:16 GMT -8
as mentioned, this is just a pull back. it will head back down to 100.530 area i'm guessing. putting in my sell on mondays open
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USD/JPY
Sept 3, 2016 13:06:36 GMT -8
Post by dmiller on Sept 3, 2016 13:06:36 GMT -8
The USDJPY attempted to push higher last week topped at 103.99 but whipsawed to the downside and closed lower at 103.22. A shooting star candlestick formation suggests a potential bearish scenario.The bias is bearish in nearest term testing 102.50 – 102.00. On the upside, a clear break and daily/weekly close above 104.00 would expose 106.00/75 next week.
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USD/JPY
Sept 7, 2016 14:01:44 GMT -8
Post by Turtle33 on Sept 7, 2016 14:01:44 GMT -8
USD/JPY is unchanged on Wednesday, after sharp losses in the Tuesday session. Currently, USD/JPY is trading at 101.60. On the release front, today’s highlight is JOLTS Job Openings. The markets are expecting a slight downturn in August, with an estimate of 5.58 million. Later in the day, Japan will release Final GDP. The economy is expected to show no growth in the second quarter, with an estimate of 0.0%. On Thursday, the US will release Unemployment Claims. Recent US numbers have been pointing downwards and this has lowered market expectations over a September rate hike. The ISM Non-Manufacturing PMI, a key gauge of the services sector, fell to 51.4 points, its weakest reading since August 2010. The Japanese yen took full advantage of the dismal reading, jumping close to 200 points, its strongest daily gain since July 29. The robust US labor market hit a bump in August, as US employment numbers were dismal on Friday. Nonfarm Payrolls plunged to 151 thousand in August, down from 255 thousand a month earlier. This was well short of the forecast of 180 thousand. Wage growth also disappointed, as Average Hourly Earnings edged lower to o.1%, shy of the forecast of 0.2%. The CME FedWatch Tool is showing a substantial drop in the odds of a rate hike for both September and December – the likelihood of a September rise is at 19%, while the odds of a December hike are down to 39%. Even though the US labor market remains close to full capacity, many FOMC members remain uneasy about a rate hike, especially given the persistent lack of inflation in the economy. Key inflation indicators will be released in mid-September, just before the Fed policy meeting on September 21. These releases could play a critical role in determining if the Fed presses the rate trigger this month, or decides to revisit the rate question in December, exactly a year from the last rate hike.
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