I was expecting today's FOMC outcome to be supportive of USDJPY. Although the outcome proved to be largely as expected, the market's reaction left a lot to be desired. I still see scope for US Dollar upside however as traders digest the outing and will look for confirmation on a daily close above 81.60 to enter long, initially targeting 83.71.
USDJPY: Long Trade Confirmation Pending
2012-04-26 11:01:00
Ilya Spivak,
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
USD/CAD Technical Analysis: Canadian Dollar at a Turning Point
2020-02-12 05:42:00
NZD/JPY Technical Analysis: Yen Snaps 5-Month NZ Dollar Rise
2020-02-04 07:53:00
Australian Dollar May Fall vs Yen as RBA Bets, Charts Line Up
2020-01-22 10:33:00
Euro May Fall Against Japanese Yen If Chart Setup Plays Out
2020-01-17 10:07:00
