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
    1.3406-0.0048-0.36%
    USDSGD=X
    1.5457+0.0035+0.23%
    EURSGD=X
    1.9665+0.0032+0.16%
    GBPSGD=X
    79.3712+0.3501+0.44%
    SGDJPY=X
    5.7873+0.0213+0.37%
    SGDHKD=X
    2.9229+0.0141+0.48%
    SGDMYR=X
    9,784.7988-24.5537-0.25%
    SGDIDR=X
    4.8291+0.0174+0.36%
    SGDCNY=X
    1.0282+0.0054+0.53%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,293.40+2.90+0.22%
    GCM16.CMX
    17.58-0.24-1.34%
    SIN16.CMX
    90.73-2.12-2.28%
    ^XAU
    2.27-0.02-0.79%
    HGN16.CMX
    44.91-1.01-2.20%
    CLM16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.32+0.04
    ^FVX
    1.87+0.05
    ^TNX
    2.72+0.05
    ^TYX

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