Skip to content
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
USD/JPY Slammed Back to 2014 Base

USD/JPY Slammed Back to 2014 Base

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USD/JPY Slammed Back to 2014 Base

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The USD/JPY decline since June 2015 has been far from smooth but weakness since the NIRP failure at the end of January is contained within a channel. The bottom of that channel is near 95 towards the middle of August. Strength through channel resistance (the channel is steep and decreases significantly with the passage of time) would at least allow for consideration of something other than the downside.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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

DISCLOSURES