Usd/Jpy

[Vamos]

yes very good on Friday and rushed quickly reached the target 80.60, but I think this pair will not stop .... I think the trend is gaining strength, so it is expected that the pair will continue to rise in the dollar and the breakdown of 80.60 is a matter of time ...

[amin230]

goods forex pair downtrend ke movement par hain par agar ye 80.71 touch hota hai to 81.21 tak jaa sakta hain. Maine 80.66 me sell kiya tha aur 80.12 me closed kar diya.

[rashedul]

you are ripe due to archipelago concern tremble its slope many pips..but now we can see immature bit transmutation moral 80.16..and formerly again this two at this value construction so we expect less bit solon betterment.

[raihan8212]

The dollar strengthened against the yen on Friday after the U.S. government reported the economy added more payrolls than expected in October.

In U.S. trading on Friday, USD/JPY was trading at 80.42, up 0.37%, up from a session low of 80.20 and off a high of 80.67.

The pair was likely to find support at 80.20, the earlier low, and resistance at 80.67, the earlier high.

The U.S. Bureau of Labor Statistics revealed earlier on Friday that the U.S. economy added 171,000 jobs in October, beating out analysts' calls for a gain of around 125,000, which sparked demand for U.S. assets.

The headline unemployment rate rose to 7.9% from 7.8% in September.

Investors snapped up greenback positions on the news, stopping short, however, of engaging in a full risk-on session.

The economy didn't add enough jobs to reflect a truning point to a more robust U.S. recovery.

Some analysts have said the economy should create at least 250,000 a month on an ongoing basis before recovery really gains steam.

The dollar also saw support on weak Spanish factory data.

The Markit research group reported that Spain's manufacturing purchasing managers' index fell more than expected in October, dropping to 43.5 from a reading 0f 44.6 the previous month.

Analysts were expecting a reading of 44.0.

Meanwhile, Italy's purchasing managers' index fell to 45.50 in October from 45.70 in September, disappointing expectations for a reading of 45.90.

The dollar demand remained firm amid uncertainty surrounding U.S. presidential elections on Tuesday.

Meanwhile, the Bank of Japan decided recently to expand its asset-purchasing program to JPY91 trillion from JPY80 trillion to further stimulate the economy, which bolstered the greenback.

[najmul.djd]

usd/jpy technical analysis by using : average directional movement index

adx : 22.5791
+di : 14.9423
-di : 18.7595
timeframe : 1 hour

time : 2000
date : 02.11.2012

[raihan8212]

The U.S. dollar climbed to a six month high against the yen on Friday, boosted by upbeat U.S. employment data, while earlier comments by the Bank of Japan dampened demand for the yen.

USD/JPY hit 80.67 during U.S. morning trade, the pair's highest since April 27; the pair subsequently consolidated at 80.49, climbing 0.46%.

The pair was likely to find support at 80.11, the session low and resistance at 80.67, the day's high.

Sentiment was boosted after the Bureau of Labor Statistics said that the U.S. economy added 171,000 jobs in October, far more than the expected 125,000 increase.

The previous month's figure was revised up from 114,000 to 148,000.

The report also showed that the U.S. unemployment rate ticked up to 7.9% last month from 7.8% in September, in line with expectations.

The data came after the Department of Labor said on Thursday that the number of individuals filing for initial jobless benefits fell to 363,000 last week from 372,000 the previous week, compared to expectations for a decline to 370,000.

A separate report showed that U.S. private sector employment increased more-than-expected in October.

Meanwhile, the yen remained under pressure after the Bank of Japan said, in the minutes of its October policy meeting, that while the Japanese economy continues to level off, it will maintain the current level of economic stimulus.

[winstead]

USDJPY faces resistance 80.37, a break above this level indicates that the uptrend from 77.43 has returned, then a further increase to 82.00 can be expected.

[Robi]

A pair after the news broke the resistance 80.35 and reached a new monthly high, is now certain that the formation of a new northern trend of the pair next week will wait approach to 81.00 figure.

[hodhod2000]

The trading range for today is among key support at 79.00 and key resistance now at 81.50.

The general trend over short term basis is to the upside targeting 87.45 as far as areas of 75.20 remain intact.

[Jobs]

Judging from the histogram pair is overbought and found itself in a strong resistance level 80.40 ... shows that with the growth pair left for such a step ... I think now if the price will exceed the level of 80.20 downs may accelerate as will close long positions ..