Usd/Jpy

[Robi]

I think the main purpose of the bulls will be the level of 80.00, approaching it and I'm looking to sell because of it you can try to catch a correction couple today broke two levels of 200 and the sliding resistance of 79.60 (and good for jpy rose).

[raihan8212]

The dollar softened slightly against the yen on Monday after Japan's trade balance report for September came in weaker than expected, prompting investors to stock up on safe-haven yen and wait on the sidelines for better news.

Talk the Bank of Japan may loosen monetary supply sparked some demand for the dollar and allowed for choppy trading that sent the pair in and out of negative territory.

In Asian trading on Monday, USD/JPY was trading at 79.32, down 0.01%, up from a session low of 79.22 and off a high of 79.33.

The pair was likely to find support at 79.22, the earlier low, and resistance at 79.43, Friday's high.

In a report, the Ministry of Finance said that the country�s trade balance fell to a seasonally adjusted -0.98T, from -0.46T in the preceding month whose figure was revised up from -0.47T.

Analysts had expected the trade balance to fall -0.74T last month.

The news sent investors selling Japanese stocks and stocking up on yen.

The Bank of Japan will meet on Oct. 30 to discuss monetary policy, and talk policymakers may take fresh steps to stimulate the economy weakened the yen against its U.S. counterpart at times during the session.

Weak U.S. earnings bolstered the yen as well.

Microsoft reported last week that its third-quarter net income fell 22% to USD4.47 billion, which missed expectations, while revenue fell 8% on year to USD16.01 billion.

General Electric, meanwhile, reported earlier that its third-quarter net income rose 8% to USD3.49 billion, while revenue rose 3% to USD36.35, missing market expectations.

Search giant Google released earnings earlier than planned late Thursday, which sparked confusion, and missed estimates as well.

The company reported revenue of USD14.10 billion, up 45% on year, though net income came to USD2.18 billion, down 20% on year and below expectations.

Fast-food giant McDonald's quarterly earnings fell 3.3% to USD1.46 billion, while revenue was basically flat at USD7.2 billion.

Soft U.S. housing data kept the yen up against the greenback as well.

In a report, the National Association of Realtors said that home sales fell 1.7% to 4.75 million from 4.83 million in August, whose figure was revised up from 4.82 million.

Analysts had expected existing home sales to fall to 4.75 million last month.

---------- Post added at 10:04 PM ---------- Previous post was at 09:50 PM ----------

The U.S. dollar rose to a three-month high against the broadly weaker yen on Monday, after weaker-than-forecast Japanese trade data fuelled expectations for more monetary easing by the Bank of Japan later this month.

USD/JPY hit 79.69 during European morning trade, the pair�s highest since July 12; the pair subsequently consolidated at 79.68, gaining 0.45%.

The pair was likely to find support at 79.20, the session low and resistance at 79.94, the high of July 12.

Earlier Monday, official data showed that Japan posted a JPY558.6 billion trade deficit in September, as exports fell 10.3% from the same month last year, the biggest drop since May 2011, two months after Japan�s earthquake disaster.

The weak data added to expectations that the BoJ may further increase the size of its asset purchase program at its upcoming policy meeting on October 30.

---------- Post added at 10:11 PM ---------- Previous post was at 10:04 PM ----------

the yen, with USD/JPY up 0.63% to 79.81.

The yen remained under heavy selling pressure after weaker-than-forecast Japanese trade data earlier Monday fuelled expectations for more monetary easing by the BoJ later this month.

Japan posted a JPY558.6 billion trade deficit in September, as exports fell 10.3% from the same month last year, the biggest drop since May 2011, two months after Japan�s earthquake disaster.

[winstead]

USDJPY remains in uptrend from 77.94 and extends to as high as 79.46. Support is at 79.00, provided that these levels persist, uptrend could be expected to lanju after minor consolidation, and next target would be at 80.00 area.

[hictor23]

USD/JPY
SELL
Entry :- 79.260
TP1 :- 78.865
TP2 :- 78.470
SL :- 80.053

Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

[saif]

now experts are expect that market can be push on upside in short time.but you can not seen that not yet a recovery and the expert�s pool shows an average bullish stance for the USD/JPY although hardly seen beyond the 80.00 mark. but i think it can push upside.

[sonyole]

Simple Analysis for the pair USD / JPY on Monday, October 22, 2012.
Pair USD / JPY today still showing bullish trend, but of the indicator at time frame 1 H, indicating that the pair will experience a downward correction, until the price of 79.57. For the pivot line, observed at 79.28, resistance 1 at 79.44, resistance 2 at 79.57 and resistance 3 at 79.73. Good luck ............

[turabawan8]

22/10/2012 USD/JPY Full Detailed ForeCast

Pivot point (level of invalidation): 79.1

Our preference: Long positions above 79.1 with a target to 79.7 and 79.9 in extension.

Alternative scenario: Below 79.1 we expect further downside with 78.95 and 78.8 of the target.

Technical Comments: the RSI is to support further uphill.

[forexking2]

Expected trading range for this week between: Support 78.00 Resistance 81.75
General tendency is expected for this week: UP

[Miki]

Dollar seems set very serious growth, that could not resist a couple of usd / jpy which continues to be observed in good trending north movement, the price has managed to overcome 200-slip punches resistance now at 79.60 which will open the way to 80.50, 81.60.

[mahmoud mohamed tawfik]

long positions at 79.6620 with 79.8900 and 80.1400 as next targets

the breakout of 79.4660 will call for arebound towards 79.16800