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JPY 03 (Dec 16 - Dec 25)

PostPosted: Mon Dec 05, 2016 11:38 am
by winston
USD/JPY: 113.52 versus 113.945.

Big week again, testing the move Thursday and Friday.

Re: JPY 02 (Oct 11 - Dec 16)

PostPosted: Mon Feb 06, 2017 6:21 pm
by winston
Japan's Mr Yen says dollar could fall below 100 yen by end-2017

Source: Reuters

Tokyo should avoid intervention even if yen rises are rapid as doing so would not be supported by the United States.


Gradual yen gains will be beneficial for Japanese firms with production bases overseas.


Source: Reuters

http://finance.yahoo.com/news/japans-mr ... 13862.html

Re: JPY 02 (Oct 11 - Dec 16)

PostPosted: Mon Feb 13, 2017 12:57 pm
by winston
USD/JPY: 113.265 versus 113.401.

Nice move Thursday, off Friday, still in the 8 week pullback from the election through December rally.

Source: Investment House

Re: JPY 02 (Oct 11 - Dec 16)

PostPosted: Mon Feb 20, 2017 9:16 am
by winston
USD/JPY: 112.906 versus 113.356.

Dollar first rallied into Yellen testimony, but Wednesday tapped the 50 day SMA then faded into Friday.

Still working in the 7 week lateral range, trying to form a cup off the November to December rally.

Source: Investment House

Re: JPY 02 (Oct 11 - Dec 16)

PostPosted: Mon Feb 27, 2017 11:43 am
by winston
USD/JPY: 112.169 versus 112.745.

Dollar weakened on the week, heading back near the early February lows.

Source: Investment House

Re: JPY 02 (Oct 11 - Dec 16)

PostPosted: Mon Mar 06, 2017 8:55 am
by winston
USD/JPY: 114.042 versus 114.169.

Rallied on the week just over the 50 day SMA, then stalled Thursday and Friday.

Re: JPY 02 (Oct 11 - Dec 16)

PostPosted: Mon Mar 13, 2017 4:35 am
by winston
USD/JPY: 114.807 versus 115.259.

After a break higher Wednesday and Thursday out of the handle, the dollar backed off.

Source: Investment House

Re: JPY 02 (Oct 11 - Dec 16)

PostPosted: Mon Mar 13, 2017 4:35 am
by winston
USD/JPY: 114.807 versus 115.259.

After a break higher Wednesday and Thursday out of the handle, the dollar backed off.

Source: Investment House

Re: JPY 02 (Oct 11 - Dec 16)

PostPosted: Mon Mar 20, 2017 7:51 am
by winston
USD/JPY: 112.707 versus 113.349.

Dollar was rising versus the yen, then last week it broke back below the 50 day MA's.

Source: Investment House

Re: JPY 02 (Oct 11 - Mar 17)

PostPosted: Mon Mar 27, 2017 7:42 am
by winston
Chart of the day: Yen in pole position

by Nicole Elliott

Since the beginning of this year, all currencies have strengthened against the US dollar despite the much-heralded interest rate rise by the Federal Reserve, giving the lie to the theory that rate differentials determine foreign-exchange rates.

Leading the major currencies and outperforming most emerging-market ones is the yen, which might keep US President Donald Trump off Japanese Prime Minister Shinzo Abe’s back for a while longer.

Since December, the yen has been consolidating in a right-angled triangle under trend-line and Fibonacci retracement resistance.

On Friday, it closed fractionally under its lower edge, suggesting the long-term trend to a weaker dollar against the yen, which started in the second quarter of 2015, has resumed.

The MACD and momentum are now bearish.

Source: SCMP

http://www.scmp.com/business/markets/ar ... e-position