USDJPY chart by TradingView


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.

SSI: The Speculative Sentiment Index

Last Week
Chg. Open Interest

Support & Resistance

US Dollar Likely to Fall Further versus Japanese Yen
S1110.72 W R3113.02 S
S2109.92 M R2112.17 M
S3107.86 S R1111.31 W


US Dollar Likely to Fall Further versus Japanese Yen

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests USDJPY prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias.
Continue Reading

Bullish & Bearish USD Setups as the Dollar Trades Near a ’Decision Level’

A Look at GBP-crosses as Brexit Officially Begins

Japanese Yen Keeps Falling as Retail Data Miss, Some Badly

USD/JPY Technical Analysis: To Know Yen, Follow Yields For Now

Real Time News

Analyst Picks

Walker England   

Forex Trading Instructor

My Picks: USD/JPY Pending Breakout
Expertise: Technical Analysis
Average Time Frame of Trades: 1Day-1Week

Pivot Points

Forex Economic Calendar

A: Actual   F: Forecast    P: Previous