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
1.09
Current
---
Chg. Open Interest
4.4%
Outlook
Bearish

Support & Resistance

USD/JPY
USD/JPY Key Reversal Follow Through; Could Reverse Yet Again
S1105.80 W R3106.84 S
S2103.94 M R2106.70 M
S398.77 S R1106.33 W
Trend
down
Volatility
83%
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News


USD/JPY Key Reversal Follow Through; Could Reverse Yet Again

Continue Reading


Forex Sentiment Turns on a Dime - Watch Key Yen Risk


USD/JPY Bullish Reversal? Not Out of the Woods Yet


USD/JPY Searches for Support Ahead of Fed/BoJ Rate Decisions


USD/JPY, GBP/JPY Reversals Gather Pace as Scope for Japanese Stimulus Fades


Real Time News


Analyst Picks

Walker England   

Forex Trading Instructor

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

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