Usd/Jpy

[GreenApple]

Usd/jpy
s1 113.1000 w r3 115.2600 s
s2 112.0100 m r2 114.1800 m
s3 110.9300 s r1 113.5000 w

[GreenApple]

Last Updated: Nov 17, 4:27 am +05:00
Symbol S3 S2 S1 P R1 R2 R3
USDJPY 112.64 112.72 112.76 112.81 112.85 112.89 112.98

[GreenApple]

Yen is one of the most traded currencies in the world, especially due to its low interest rate since the Yen is used in carry trades. Recently the Bank of Japan has expanded their purchase of Yen, hoping to overturn the deflation tide to inflation. Doubling this money supply is devaluing the Yen, boosting exports; but, increasing prices of imports at the same time, especially for commodities.

[GreenApple]

MSCI’s gauge of stocks across the globe gained 0.35 percent.

The pan-European STOXX 600 index lost 0.20 percent as traders waited on more clarity involving Britain’s exit from the EU, known as Brexit.

[GreenApple]

Weighing on equity sentiment and the Nasdaq was a disappointing forecast by chip company Nvidia Corp. Nvidia shares tumbled 18.8 percent while the Philadelphia semiconductor index fell 1.2 percent.

[GreenApple]

Investors are pointing toward the G20 meeting later this month, when leaders from the United States and China are expected to meet, and the Fed’s meeting in December as key events for markets.

[MuhammadMazhar]

today Usd/Jpy trend is bearish
technical pairs today is success
Resistent1 = 113.40
Resistent2 = 114.02
Resistent3 = 114.40
Pivot = 113.03
Support 1 = 112.38
Support 2 = 112.00
Support 3 = 111.35

[GreenApple]

“The market is paying attention very closely to anything surrounding trade,” said Veronica Willis, investment strategy analyst at Wells Fargo Investment Institute in St. Louis. “(A trade deal) would boost expectations for global growth, which would ultimately be good for stocks.”

[GreenApple]

Clarida’s comments helped support stocks, which were also boosted by comments from President Donald Trump on trade.

Trump said he may not impose more tariffs on Chinese goods after Beijing sent the United States a list of measures it was willing to take to resolve trade tensions.

[GreenApple]

On Wall Street, the Dow Jones Industrial Average rose 123.95 points, or 0.49 percent, to 25,413.22, the S&P 500 gained 5.94 points, or 0.22 percent, to 2,736.14 and the Nasdaq Composite dropped 11.16 points, or 0.15 percent, to 7,247.87.