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USD/JPY Technical Evidence Favors Larger Drop From Current Level

Focus this week is on the Japanese Yen and for good reason. A host of technical signals, from candle patterns and weekly reversal bars to CME volume (on both the Nikkei and Yen) suggest that the Japanese Yen is at a pivot in price.

By Jamie Saettele | Feb 09 | DailyFX

FOREX Trading: USD/JPY Ending Year at Channel and Fibonacci Confluence

USDJPY - The long term USDJPY inverse head and shoulders breakout the week that ended 12/14 has led to immediate gains. The traditional measuring technique yields an objective of about 9362. Currently testing upward sloping channel resistance and the 100% extension of the rally from the record low (I'm interested to see how the week closes), this would be a good time for some consolidation.

By Jamie Saettele | Dec 29 | DailyFX

FOREX Analysis: Australian Speculative Traders at Record Long Position

The COT Index is the difference between net speculative positioning and net commercial positioning measured. A light blue colored bar indicates that the difference in positioning is the greatest it has been in 52 weeks (bullish) with speculators selling and commercials buying.

By Jamie Saettele | Dec 11 | DailyFX

Trading Update Oil, Equities, EUR/USD, USD/JPY

The European Union was awarded the Nobel Peace Prize on Friday as the latest in the European Summits approaches on October 18-19.

Oct 15 | GFCMarkets

US Dollar Trend Followers Flip to Short after Decline

The COT Index is the difference between net speculative positioning and net commercial positioning measured.

By Jamie Saettele | Oct 09 | DailyFX

Rare Trading Setups Suggest Major Currency Moves in October

The AUDJPY is displaying the same pattern, potential head and shoulders tops, at 4 degrees of trend. Is the proliferation of these patterns a harbinger of things to come with respect to risk trends and volatility? Combined with a rare NZDUSD setup, October is shaping up to be an exciting month.

By Jamie Saettele | Oct 01 | DailyFX

USD/JPY Bounces Just Bellow 79

On Monday Dollar/Yen increased with 75 pips. The currency couple appreciated from 78.16 to 78.93 yesterday, matching the positive money flow sentiment at above 15%, closing the day at 78.69. This morning the Dollar is trading quietly against the Yen, and within yesterday's range for now. On the 1 hour chart range trading is forming, while on the 3 hour chart the downward channel is on hold.

Sep 18 | iFOREX

USD/JPY Continues Recovering, Testing 78.5

On Friday Dollar/Yen increased with 50 pips. The currency couple appreciated from 77.87 to 78.40 on Friday, matching the positive money flow sentiment at above 11%, closing the week at 78.38. This morning the Dollar lifted slightly further against the Yen, ascending up to 78.48. On the 1 hour chart the downward channel is on hold, while on the 3 hour chart new downward channel is forming.

Sep 17 | iFOREX

USD/JPY Recovers, Climbing Over 78

On Thursday Dollar/Yen decreased with almost 80 pips. The currency couple depreciated from 77.87 to 77.08 yesterday, matching the negative money flow sentiment at bellow -15%, closing the day at 77.47. This morning the Dollar lifted against the Yen, ascending up to 78.04. On the 1 hour chart the downward channel is intact, while on the 3 hour chart new downward channel is forming.

Sep 14 | iFOREX

USD/JPY Drops Further, Approaching 77.5

On Wednesday Dollar/Yen traded within narrow 25 pip range. The currency couple depreciated from 77.97 to 77.73 yesterday, matching the negative money flow sentiment at nearly -12%, closing the day at 77.84. This morning the Dollar weakened further against the Yen, descending down to 77.57.

Sep 13 | iFOREX

USD/JPY Weakening Extends Further

On Tuesday Dollar/Yen continued decreasing with 55 pips. The currency couple depreciated from 78.25 to 77.69 yesterday, matching the negative money flow sentiment at almost -16%, closing the day at 77.74. This morning the Dollar is trading quietly against the Yen, with movements at the lower end of yesterday's range for now.

Sep 12 | iFOREX

USD/JPY Brakes The 78 Support_

On Monday Dollar/Yen decreased insignificantly with 20 pips. The currency couple depreciated from 78.33 to 78.11 yesterday, matching the negative money flow sentiment at around -11%, closing the day at 78.27. This morning the Dollar weakened against the Yen, dropping down to 77.95.

Sep 11 | iFOREX