Tag Archives: JPY

Short-covering has helped the Yen climb back above the 100.00 level as sluggish Japanese equities, newsthat nation’s pension reforms may take years to implement and

Japanese exporters have a reason to cheer in October. A gradual pick up in global de-mand has helped Japanese exports growing by 18.6% y/y,

While extending this week’s rebound further above the 100.00 level, the Yen has fallen well below itsovernight highs coming into this morning’s trading.

After making a new low for the move, the Yen bounced all the way back above the 100.00 level and wouldstill be on course for posting a hook reversal with a positive close later today.

The steady erosion of safe-haven support both at home and abroad is keeping the Yen under pressure thismorning as prices continue to slide further below the key 100.00 level.

While initially rejecting a breakthrough of the key 100.00 level early this morning, the Yen remains squarelyon the defensive heading into this morning’s trading.

While finding modest support and staying well clear of Tuesday’s spike low, the Yen has held onto thisweek’s downside breakout of the May-November “triangle” chart formation and

After last week’s downside breakout failure of the May-November “triangle” chart formation, the Yen hasdropped sharply this morning and is closing in a retest of the key 100.00 level.

The steady erosion of safe-haven support continues to weigh on the Yen early this week, which remainspinned down at the lower end of last Thursday’s massive intra-day price range.