Usd/Jpy

[gururaj]

Break would bring 76.84, where correction is possible. Then 76.52, where a correction may also happen. Break of the latter will give 76.33. If a strong impulse, we would see 76.17. Continuation would give 75.91,” he adds.

[niteshforex]

The spot rate approaches the upper limit of its medium term bearish channel to 80.20. A break of these levels would free up significant potential and initiate a bullish trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 80.20 with a 1st objective of 81.00, then 81.30. A break in 79.90 would invalidate this scenario.

[gururaj]

Baba and Lee at Goldman Sachs said that Japan has been buying U.S. Treasuries when it sells yen, leaving it with more than 30 trillion yen in unrealized losses that will test the government�s �true determination� to combat the currency�s rise.

[niteshforex]

USD/JPY rebound strongly last week on massive Japan intervention. But so far, upside was limited below near term falling trend line resistance and the pair also failed to sustain above the falling 55 days EMA. there is no confirmation of reversal yet. Initial bias is neutral this week.

[gururaj]

The USDJPY exchange rate remains firmly correlated with Treasury yields, so all things being equal, an increase in US borrowing costs that is implied by the downgrade could be expected to send the pair higher.

[niteshforex]

The Bank of Japan raised its total asset-purchase program to approximately �50 trillion, from �40 trillion previously. The Bank of Japan retained the benchmark uncollateralized overnight call rate at 0 to 0.1%.

[gururaj]

USD/JPY remains neutral for the moment. Note that despite the strong rebound from 76.20, USD/JPY is held by near term falling trend, not to mention 82.22 key resistance

[niteshforex]

Hourly chart, shows indicators slightly bearish below their midlines, while 20 SMA holds a timid bearish slope. Bigger time frames, show long upside shadows in candles that suggest the selling interest is dominating the pair".

[gururaj]

the pair is trading under the level of 79.00 , that's mean if the pair succeeded in breaking 79.00 it will continue in uptrend to 79.30 and then 79.50 , but if the pair bounced from 79.00 , it will continue in the down trend heading to 78.70 and 78.40

[fravash]

The pair has skyrocketed over 90 pips in 1 minute to peak at 79.40, only to lose most of its gains in the next 5 minutes, now back at 78.70.

yes brother, they even testing 78.4 on my chart at the moment, they may reach 77.80 before the market closed, on a higher time frame it still look a side ways for me, we shall see what happened next week