News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Real Time News
  • (Oil Briefing) Crude Oil, Energy Stocks Sink on Fed Commentary. WTI at Risk to Technicals #CrudeOil #WTI #Fed https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/08/05/Crude-Oil-Energy-Stocks-Sink-on-Fed-Commentary-WTI-at-Risk-to-Technicals.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/g24G2cNeIW
  • 🇳🇱 Inflation Rate YoY (JUL) Actual: 1.4% Expected: 1.6% Previous: 2% https://www.dailyfx.com/economic-calendar#2021-08-05
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.96%, while traders in France 40 are at opposite extremes with 78.94%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ckOcIy4HK4
  • The US Dollar could lose some ground against ASEAN currencies such as the Singapore Dollar and Thai Baht amid slowing Emerging Asia Covid case growth. Softer US NFPs may also bode well.Get your market update from @ddubrovskyFX here:https://t.co/jnJ80hQR4P https://t.co/x37yml0Cow
  • Forex Update: As of 04:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.18% 🇳🇿NZD: 0.11% 🇨🇦CAD: 0.09% 🇪🇺EUR: -0.01% 🇨🇭CHF: -0.08% 🇯🇵JPY: -0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/as8Ba27Vtx
  • Heads Up:🇳🇱 Inflation Rate YoY (JUL) due at 04:30 GMT (15min) Expected: 1.6% Previous: 2% https://www.dailyfx.com/economic-calendar#2021-08-05
  • Indices Update: As of 04:00, these are your best and worst performers based on the London trading schedule: US 500: 0.18% Wall Street: 0.17% Germany 30: 0.07% FTSE 100: 0.05% France 40: 0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/o3SdNfYFba
  • Wall Street Futures Update: Dow Jones (+0.17%) S&P 500 (+0.17%) Nasdaq 100 (+0.10%) [delayed] -BBG
  • Heads Up:🇮🇩 GDP Growth Rate YoY (Q2) due at 04:00 GMT (15min) Expected: 6.57% Previous: -0.74% https://www.dailyfx.com/economic-calendar#2021-08-05
  • Heads Up:🇮🇩 GDP Growth Rate QoQ (Q2) due at 04:00 GMT (15min) Expected: 2.94% Previous: -0.96% https://www.dailyfx.com/economic-calendar#2021-08-05
Japanese Yen at November High (USDJPY Low)

Japanese Yen at November High (USDJPY Low)

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-jpy_body_usdjpy.png, Japanese Yen at November High (USDJPY Low)

Prepared by Jamie Saettele, CMT

The drop below 7714 triggered a bearish bias in the USDJPY. Volatility has ticked higher the last few days from its lowest level in over 4 years so beware of a sharp plunge to fresh all time lows. Rallies into resistance from 7720/60 would offer short opportunities against 7830.

Other TA Articles

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES