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
    1.3971-0.0092-0.65%
    USDSGD=X
    1.5803+0.0057+0.36%
    EURSGD=X
    2.0234-0.0053-0.26%
    GBPSGD=X
    82.1783-0.0226-0.03%
    SGDJPY=X
    5.5786+0.0378+0.68%
    SGDHKD=X
    2.9797+0.0012+0.04%
    SGDMYR=X
    9,725.2051-24.1348-0.25%
    SGDIDR=X
    4.7033+0.0283+0.61%
    SGDCNY=X
    0.9886-0.0072-0.72%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,196.90-1.00-0.08%
    GCJ16.CMX
    15.44+0.01+0.06%
    SIH16.CMX
    57.21+0.43+0.76%
    ^XAU
    2.03-0.06-2.68%
    HGH16.CMX
    28.98-0.71-2.39%
    CLH16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.14-0.01
    ^FVX
    1.73-0.01
    ^TNX
    2.560.00
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.33+0.02+4.76%
    N21.SI
    3.70+0.22+6.32%
    Z74.SI
    1.68+0.05+3.07%
    MC0.SI
    0.385+0.010+2.67%
    E5H.SI
    0.705+0.025+3.68%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.405+0.065+19.12%
    T4B.SI
    0.475+0.075+18.75%
    Y06.SI
    0.23+0.03+15.00%
    S9B.SI
    0.40+0.05+14.29%
    BJE.SI
    0.144+0.014+10.77%
    AWS.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.34-0.05-12.82%
    MN5.SI
    0.118-0.012-9.23%
    AWO.SI
    0.205-0.020-8.89%
    AYL.SI
    0.505-0.045-8.18%
    A05.SI
    0.193-0.017-8.10%
    S71.SI