- Overnight Interest Rate Update 03.22.10 Mon, 22 Mar 2010 04:17 GMT
- Australian Vehicle Sales Fall for Second Month on Tax Break Expiry Mon, 22 Mar 2010 04:07 GMT
usd-jpy
Article
Previous Articles
Print
- Mar, 19 USDJPY: Prices Stall at Major Channel Top
- Mar, 12 USDJPY: Bulls Push Prices to Major Channel Top
- Mar, 05 USDJPY: Exit Short as Positioning Hints Gains Ahead
- Feb, 26 USDJPY: Remain Short as Sellers Regain Momentum
- Feb, 19 USDJPY: Prices Rise to Threaten Stop-Loss, Channel Top
- Feb, 12 USDJPY: Selling to Resume Following Test of 90.00 Level
- Feb, 05 USDJPY: Stay Short as Selling Pressure Intensifies
- Jan, 29 USDJPY: Remain Short as Bears Look for Momentum
- Jan, 24 USDJPY: Short Trade Taken as Prices Clear Support
- Jan, 22 USDJPY: Push to New Lows Threatened as Support Weakens
- Jan, 15 USDJPY: Deeper Losses Threatened as Prices Test Support
- Jan, 08 USDJPY: Stand Aside on Conflicted Technical Positioning
- Dec, 22 USDJPY: Bullish Correction Continues to Unfold
- Dec, 11 USDJPY: Bounce Looks Likely at Major Support Level
- Dec, 07 USDJPY: Volatility Continues as Prices Search for Direction
- Nov, 20 USDJPY: Prices Inch Lower to Challenge Major Double Bottom
- Nov, 13 USDJPY: Prices Prepare to Test Trend-Defining Support
- Oct, 30 USDJPY: Bullish Correction Continues to Play Out
- Oct, 23 Dollar / Yen Bullish Correction Continues, Sell Entry Ahead
- Oct, 16 US Dollar / Japanese Yen Bullish Correction Underway
USD/JPY
Strategy: Flat
USDJPY is on the verge of a trend-defining breakout as prices push below double bottom support at 87.09 to trade at levels unseen since 1995. While the bearish implications of this move are impossible to ignore, our view of the pair’s underlying macroeconomic drivers as well as the rising threat of intervention from Japanese authorities suggest that entering short here would be a dangerous proposition. We will opt to monitor developments from the sidelines for the time being.
To discuss these strategies with other traders, please visit the Candlestick Forum
To receive future articles by email, please contact Ilya at ispivak@dailyfx.com
DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.
Resources
