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.


SSI: The Speculative Sentiment Index


Last Week
2.9
Current
---
Short
Chg. Open Interest
-11.0%
Outlook
bearish

Support & Resistance

USD/JPY
Positive News Flow Past 24-hours Boosts Risk, Holds Back US Dollar
S1109.16 M R3111.88 W
S2108.75 S R2110.36 S
S3107.42 M R1110.02 M
Trend
down
Volatility
60%

News


Positive News Flow Past 24-hours Boosts Risk, Holds Back US Dollar

The three Fed speakers today could pour cold water all over risk assets' 24-hour hot streak.
Continue Reading


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Real Time News


Analyst Picks

Walker England   

Forex Trading Instructor

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


Pivot Points

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