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 MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.96-0.04-3.52%
    G13.SI
    0.3750.0000.00%
    5ME.SI
    0.860.00-0.58%
    Y92.SI
    0.166+0.001+0.61%
    N21.SI
    0.159+0.001+0.63%
    40E.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.31+0.03+8.77%
    42C.SI
    0.485+0.025+5.43%
    AWV.SI
    0.124+0.006+5.08%
    B9S.SI
    0.86+0.04+4.88%
    AVV.SI
    0.45+0.01+3.45%
    B58.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.595-0.025-4.03%
    BEV.SI
    0.155-0.005-3.12%
    M11.SI
    0.315-0.015-4.55%
    H19.SI
    0.735-0.025-3.29%
    BCX.SI
    0.96-0.04-3.52%
    G13.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4251+0.0012+0.08%
    USDSGD=X
    1.5105-0.0004-0.03%
    EURSGD=X
    1.7918+0.0021+0.12%
    GBPSGD=X
    80.3400+0.217+0.27%
    SGDJPY=X
    5.4422-0.0005-0.01%
    SGDHKD=X
    3.1049-0.0006-0.02%
    SGDMYR=X
    9,362.0156+28.1641+0.30%
    SGDIDR=X
    4.8424+0.0127+0.26%
    SGDCNY=X
    1.0610-0.0001-0.01%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,167.70-2.10-0.18%
    GCZ16.CMX
    17.01-0.01-0.09%
    SIZ16.CMX
    82.57-0.01-0.01%
    ^XAU
    2.620.00+0.06%
    HGZ16.CMX
    50.96+0.12+0.24%
    CLF17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.82+0.02
    ^FVX
    2.39+0.04
    ^TNX
    3.09+0.06
    ^TYX