JPY 03 (Dec 16 - Dec 25)

[winston]

USD/JPY: 111.128 versus 111.863.

Dollar bombed lower, breaking below the 50 day SMA Friday after trying to hold it Tuesday to Thursday.

Source: Investment House

[winston]

USD/JPY: 110.689 versus 109.963.

Dollar bouncing after a three week drop.

[winston]

USD/JPY: 109.183 versus 109.177.

Trying to bounce off the selloff, but in a sharp downtrend.

[winston]

USD/JPY: 109.205 versus 109.333.

Rallied through Tuesday, sold back to the June and August lows as of Friday.

Showed a big doji with tail Friday so may be ready to try the upside again.

Definitely bouncing up and down in its range.

Source: Investment House

[winston]

North Korea just fired a missile right over Japan — but here's why the yen is rallying anyway

Japan's currency, considered a safe-haven play, climbed as North Korean launched a missile that crossed over Japan

But it's not clear why the yen would be considered a safe-haven play when North Korea appeared to put the nation clearly in the line of fire

by Leslie Shaffer

Japan is a net overseas investor, both on the retail and institutional levels.

"For those Japanese investors who are invested overseas, having their assets in non-yen is a risk because they are exposed to foreign-exchange volatility".

"So when these geopolitical risks, or any risks, get heightened, they want to reduce risk and that means unwinding overseas investments."

At the end of 2016, Japan had around 159.195 trillion yen ($1.448 trillion) in overseas direct investment and 452.917 trillion yen in portfolio investment.

Source: CNBC

https://www.cnbc.com/2017/08/28/north-k ... nyway.html

[winston]

USD/JPY: 110.254 vs 110.049.

Resting after its bounce off the lows in its trading range.

Source: Investment House

[winston]

USD/JPY: 110.846 versus 110.01.

Dollar continued its bounced off the lows that started the prior Friday.

Closed in on the 200 day SMA on the Friday high, backed off to close.

Good bounce, 200 day is logical resistance, but the top of the range is near 114.50.

Source: Investment House

[winston]

Yen Bears Awaken as Fed Tips Hawkish While the BOJ Digs in

by Netty Idayu Ismail

“With the BOJ set to be the last major central bank to exit stimulus, the yen should continue to weaken against the dollar, euro and pound"

Speculation over an early election in Japan has also fueled bearishness, and the currency is now down more than 4 percent since touching a 2017 high two weeks ago as simmering tensions on the Korean peninsula spurred a flight to havens.

Source: Bloomberg

https://finance.yahoo.com/news/yen-bear ... 25889.html

[winston]

USD/JPY: 111.995 versus 111.804.

Broke through the 200 day MA Wednesday, tested to end the week.

Source: Investment House

[winston]

USD/JPY: 112.47 versus 112.442.

Holding the move higher through the 200 day SMA.

source: Investment House