Forex Analysis: Japanese Yen Bounce Clouds Outlook

Forex_Analysis_Japanese_Yen_Bounce_Clouds_Outlook_Revised_body_SSIJPY.jpg, Forex Analysis: Japanese Yen Bounce Clouds Outlook

USDJPY – Forex trading crowds have bought into a recent US Dollar (ticker:ticker::USDOLLAR) pullback against the Japanese Yen, and the modest shift in sentiment clouds our previous forecasts for USDJPY strength.

We maintain that the USDJPY set a significant bottom through September, but the build in crowd buying crowds warns against the potential for a larger short-term pullback. We remain bullish as long as the USDJPY remains above key congestion levels between ¥81.10-¥81.60.

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2562+0.0004+0.03%
    USDSGD=X
    1.7393+0.0057+0.33%
    EURSGD=X
    2.1116-0.0013-0.06%
    GBPSGD=X
    81.5843-0.1164-0.14%
    SGDJPY=X
    6.1718-0.0018-0.03%
    SGDHKD=X
    2.6023+0.0008+0.03%
    SGDMYR=X
    9,258.1914+84.8643+0.93%
    SGDIDR=X
    4.9677+0.0006+0.01%
    SGDCNY=X
    1.1660-0.01-0.85%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,285.00+3.90+0.30%
    GCM14.CMX
    19.45+0.09+0.49%
    SIK14.CMX
    91.05+1.15+1.28%
    ^XAU
    3.04-0.01-0.29%
    HGK14.CMX
    101.61-0.14-0.14%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.75+0.02
    ^FVX
    2.73+0.01
    ^TNX
    3.50-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.120.0000.00%
    B22.SI
    2.22+0.010+0.45%
    JS8.SI
    0.161+0.003+1.90%
    5GB.SI
    0.61+0.005+0.83%
    E5H.SI
    0.143-0.002-1.38%
    545.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.21+0.016+8.25%
    F10.SI
    0.184+0.014+8.24%
    5WD.SI
    0.215+0.016+8.04%
    5UZ.SI
    0.161+0.011+7.33%
    A03.SI
    0.225+0.015+7.14%
    P36.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.245-0.055-18.33%
    T18.SI
    0.161-0.019-10.56%
    T16.SI
    0.36-0.040-10.00%
    S24.SI
    0.115-0.010-8.00%
    I54.SI
    0.181-0.014-7.18%
    CZ4.SI