Tag Archives: yen

JPY can go OTP ahead of DPJ Contest

QuickJPYbullets: scope for USD/JPY to plumb/set historic lows with the most recent being 76.37. Overnight the pair reversed from a peak around 76.88 and is now at a weakly looking 76.53 triangle on hourly chart suggests 73.50 target! More sensible targets are 76.37 and … Continue reading

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USD/JPY compressed, hourly chart with 100-day moving averages, Bollinger bands and Fibonacci-based retracements

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The week’s off and on risky, European affair

#CHF and #JPY strength into the Western evening on Wednesday and early in #Asia underscores the switching back off of ‘risk’ after quite a battering for that sentiment in the last 36 hours. You name it, we’ve had it: profit … Continue reading

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A USD/JPY Caution Pre FOMC Minutes

Don’t expect too much USD/JPY upside from the FOMC minutes. Some are expecting a fair bit. [The minutes are due to be released at 1800 GMT.] Given the perceived dovishness of Chairman Bernanke’s comments in the wake of the latest … Continue reading

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How Much Yen Did Japan Buy Last Friday?

It’s still amongst the hot topics several days after it happened, understandably. Many of us would still like to know how much yen Japan’s Ministry of Finance bought in its concerted raid with G7 partners, commencing early in European trading … Continue reading

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Thoughts for Japan; and hints on Economic Aftershocks

The saddest news is that there are at least 44 reported fatalities so far from the severest earthquake to strike Japan in 140 years. And it looks inevitable that that number will rise. The 8.9 magnitude quake struck Japan’s northeast … Continue reading

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