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usd/jpy Technicals

Friday, 05 September 2008 18:13:58 GMT

Yen Technical Outlook

By Jamie Saettele, Senior Currency Strategist

usd/jpy Fundamentals

Friday, 05 September 2008 00:52:42 GMT

Japanese Yen Gains Over 2.5% Against High-Yielders on Fears of a 'Financial Tsunami'

By Terri Belkas, Currency Strategist
Central Bank Interest
Central Bank Calendar
EURJPYGBPAUDCADNZDCHF  

Japanese Yen (JPY)

 ico-clock Current Time - Tokyo: 7:02 AM | EST: 6:02 PM | GMT: 10:02 PM


SENTIMENT AND POSITIONING
SSI Positioning

USD/JPY Ratio: 1.41
Trading Signal: Bearish


Full Article
COT Positioning

JPY:  The index is at 8 after having been at 6 last week.  In 2007, positoning was much more extreme, but we would expect it to be since 124.13 was probably the end cycle wave 4. 


Full Article
FUNDAMENTALS — THIS WEEKS ECONOMIC RELEASES
Most Recent Economic Releases Forecast Previous
JPY Labor Cash Earnings (YoY) (JUL) 0.3% 0.4% (R+)
JPY Vehicle Sales (YoY) (AUG) 5.4%
JPY Monetary Base (YoY) (AUG) -0.7%
JPY BOJ Governor Shirakawa to Speak in Nagoya
JPY Foreign Buying Japan Stocks (Yen) (AUG 29) -215.1B (R-)
JPY Foreign Buying Japan Bonds (Yen) (AUG 29) 557.9B
JPY Japan Buying Foreign Stocks (Yen) (AUG 29) -82.8B
JPY Japan Buying Foreign Bonds (Yen) (AUG 29) -1419.3B


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Technicals - Support and Resistance for JPY
Support and Resistance Levels Interest Rate Outlook
Key Levels Strength Comments Timeframe Target
R4 110.23119.86 High 8/8/2007 High Benchmark 0.50
R3 117.42 High 76.4% Fibo 124.19-95.68
R2 115.95 Medium 11/1/2007 High 1 Week 0.560
R1 113.29 High 61.8% Fibo 124.19-95.68 1 Month 0.700
S1 109.25 High 20 Day - SMA 3 Month 0.893
S2 107.86 High 50 Day - SMA 6 Month 0.971
S3 106.55 High 200 Day - SMA 9 Month 1.056
S4 103.77 Medium 7/16 Low 1 Year 1.155
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FROM THE CENTRAL BANK
  Central Bank: Bank of Japan
  Current Bias: Neutral
  Current Interest Rate: 0.50%
  Last Change: 02/21/07 hike 25bp
  Next Meeting: 07/15/2008 More Dates
Latest Bank of Japan Interest Rate Outlook

 

Central Bank Governor:  Masaaki Shirakawa 
Current Voting Members:  Kohiko G.Nishimura, Miyako Suda, Atsushi  Mizuno, Toshiro Muto, Tadao Noda, Seiji Nakamura , Hidetoshi Kamezaki, Kazumasa Iwata.