Consolidation: After breaking above a near-term flag consolidation, the USD/JPY broke above last week's high of 102.14 and reached a high of 102.75 today before stalling. By the end of the 5/15 global session, the pair has show bit of expansion and then contraction in volatility, but is still above the 102.00 handle. It has set up a near-term consolidation range between 101.83 and 102.75.
By Fan Yang | May 16 | FX Times
Triangle: I noted possible support around 97.00 as the USD/JPY retreats toward this handle after failing to break through 100. The 1H chart shows the USD/JPY trading in a triangle since the FOMC meeting. This triangle is forming just above the 97.00 handle and hovering above the 38.2% retracement (of the April rally) at 97.11.
By Fan Yang | May 02 | FX Times
With Europe out on holiday today the focus in on the US. The dollar has been fairly quiet so far this morning after yesterday's sharp selloff, but the longer term outlook still looks fairly bleak as investors have once again got the taste to ditch the dollar.
By Kathleen Brooks | May 01 | Forex.com
JPY rebound after BoJ: The Japanese yen clawed back some gains after the BoJ meeting showed that its members has peaked in their aggressive stance on QE. The existing policy will still put pressure on the yen, but it is not surprising for the USD/JPY to show some short-term bearish correction under the 100 hurdle.
By Fan Yang | Apr 29 | FX Times
Ahead of BoJ: The USD/JPY failed to break through the 100 level this week, mostly likely because the market is tentative ahead of the BoJ meeting later tonight, or morning the 4/26 Asian session. There is a range between a 98.48 low and the 100 resistance. If the market breaks out of this range after the BoJ meeting tonight, we should anticipate some moves.
By Fan Yang | Apr 25 | FX Times
As can be seen from the following trade opportunity alert for USD/JPY, this currency pair is expected to rise to the target level 94.935 in the next 22 hours. This target level corresponds to the last downward reversal point (B on the chart below) of the upper resistance trendline of the Down Channel chart pattern identified by Autochartist on the hourly USD/JPY charts.
By Dima Chernovolov | Mar 26 | Autochartist
Since last Thursday, the pair USD/JPY has entered into a correction stage despite an exit from the top of its short-term bearish channel (blue lines). Currently, the price tests the major support at 94.14 and its long term bullish slant (purple lines).
Mar 26 | Forextribe
Breakout, target? Last week, the USD/JPY consolidated in a range, and broke it down to end the week. This established a very short-term top, and as noted in the previous USD/JP update, had a range breakout target of around 95.45 - (96.70-95.45) = 94.20. The market came down to 94.30 before demand pushed it back above 95.00 by the 3/18 US session.
By Fan Yang | Mar 18 | FX Times
USDJPY held on above 95.34/29 support as hoped. Below 95.71/64 today we look for a test of 95.34/29 & we could see a bounce from here again.
By Jason Sen | Mar 13 | DayTradeIdeas.com
USDJPY has pushed through the Feb highs at 94.77 & reached 95.51. We are now back at levels not seen since mid 2009 & could push on for 95.
By Jason Sen | Mar 08 | DayTradeIdeas.com
USDJPY is now holding above our support level of 93.05 & below our resistance level of 93.75. A push through 93.75 resistance targets 93.93/94.14. If this does not hold us back look for a move towards the Feb highs at 94.77. A break below 92.90 however, targets 92.64. Below here there is good support at 92.30 but failure could see us testing the next level of 91.97.
By Jason Sen | Mar 07 | DayTradeIdeas.com
USDJPY holding below trend line resistance at 93.68 throughout Monday. We are starting to look over bought in the short term so we could see some profit taking for a test of 93.
By Jason Sen | Mar 05 | DayTradeIdeas.com