Tag Archives: JPY

JPY Mid-day Analysis

We see the Yen in an entrenched down trend channel pattern but a major flare up

A fresh lower low for the move, weakness in the Dollar and

USD bullish sentiment has softened, with today’s data marking the fourth consecutive week of a narrowed USD long position.

A fresh downside breakout overnight rekindles expectations of a resumption of the downtrend pattern.

The safe haven repatriation appears to have run its course especially given the reversal on

As in other currency markets, the price action in the March Yen this week

Until the Dollar finishes its slide into the FOMC statement,

There appears to be enough residual global uncertainty to keep the Yen in a minor upward track today.

In the week ahead, investors will be awaiting the outcome of Wednesday’s Federal Reserve policy meeting for

The Yen is short covering off fears that the global deflationary spiral could become

The Yen rally has probably seen its corrective bounce and

Like other currencies a quasi-technical/fundamental correction is taking place in most non-dollar currencies.