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USD/JPY

USD/JPY - Yen is one of the most traded currencies in the world, especially due to its low interest rate since the Yen is used in carry trades. Recently the Bank of Japan has expanded their purchase of Yen, hoping to overturn the deflation tide to inflation. Doubling this money supply is devaluing the Yen, boosting exports; but, increasing prices of imports at the same time, especially for commodities.

USD/JPY Rate

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Weekly US Dollar and Japanese yen Trading Forecast

Symbol Forecast Outlook

Candlestick

Symbol Trend Bias Time Frame Candlestick Formation Candle Bias Chart Links

Elliot Wave

Symbol Bias Time Frame Invalidation Objective Chart Links

Sentiment

Symbol LastWeek Present %Long Change:
Open Interest
Signals Chart Links

USD/JPY Support & Resistance

W - Weak | M - Moderate | S - Strong
Symbol Trend Volatility Analysis / Chart
USD/JPY
S1: 108.40S
S2: 107.31M
S3: 106.50M
R3: 112.08M
R2: 110.76M
R1: 110.08S
50%
View OutlookView Outlook
Chart Chart
Fri, 31 Oct 2014 04:36:00 GMT

USD/JPY Pivot Points

Dollar Yen News

USD/JPY Soars Past 111 As Void Of Bearish Signals Opens Further Gains
USD/JPY’s rocket through several technical barriers amid a void of bearish candlesticks suggests the potential for further gains.
USD/JPY Breaks Through 110.00 As BOJ Targets Expansion Of Monetary Base
BOJ announced to expand their annual target for increasing their monetary base to 80 trillion yen, up from 70 trillion yen. USD/JPY soared above 110.00 as a result.
USD/JPY Technical Analysis: Resistance Above 110.00 in Focus
USDJPY Presses Resistance Ahead of BoJ- Support at 108.87
A weekly opening range break shifted our focus to the topside with the rally now at risk below key resistance. Here are the updated targets & invalidation levels.
USD/JPY Back at 13 Year Trendline

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Tue
Oct 28
12:30
USD Durable Goods Orders (SEP) -1.3% 0.5% -18.3%
14:00
USD Consumer Confidence (OCT) 94.5 87 89
Wed
Oct 29
18:00
USD Fed QE3 Pace (OCT) $0B $0B $15B
18:00
USD Fed Pace of Treasury Purchases (OCT) $0B $0B $10B
18:00
USD Fed Pace of MBS Purchases (OCT) $0B $0B $5B
18:00
USD Federal Open Market Committee Rate Decision (OCT 29) 0.25% 0.25% 0.25%
Thu
Oct 30
12:30
USD Gross Domestic Product (Annualized) (3Q A) 3.5% 3.0% 4.6%
23:30
JPY National Consumer Price Index (YoY) (SEP) 3.2% 3.3% 3.3%