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
    0.1720.0000.00%
    N21.SI
    0.850.00-0.58%
    Y92.SI
    0.4150.0000.00%
    5ME.SI
    0.180.00-1.10%
    40E.SI
    2.62-0.01-0.38%
    MC0.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.27+0.04+17.39%
    PH0.SI
    0.275+0.035+14.58%
    BLZ.SI
    0.162+0.012+8.00%
    5MQ.SI
    0.225+0.015+7.14%
    S46.SI
    0.25+0.02+6.38%
    BTM.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.34-0.10-22.73%
    AWC.SI
    0.375-0.095-20.21%
    BLL.SI
    0.09-0.01-11.76%
    BRR.SI
    0.585-0.065-10.00%
    BKB.SI
    0.63-0.07-10.00%
    AWZ.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4213-0.0033-0.23%
    USDSGD=X
    1.5227+0.0007+0.05%
    EURSGD=X
    1.7699+0.0108+0.61%
    GBPSGD=X
    80.1200-0.047-0.06%
    SGDJPY=X
    5.4556+0.0166+0.31%
    SGDHKD=X
    3.1205+0.0026+0.08%
    SGDMYR=X
    9,394.1768-42.5684-0.45%
    SGDIDR=X
    4.8171-0.0038-0.08%
    SGDCNY=X
    1.0755-0.0004-0.04%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,212.50+7.60+0.63%
    GCG17.CMX
    17.15+0.12+0.69%
    SIH17.CMX
    89.39+0.71+0.80%
    ^XAU
    2.620.00-0.04%
    HGH17.CMX
    52.33+0.96+1.87%
    CLG17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.91-0.04
    ^FVX
    2.45-0.01
    ^TNX
    3.04+0.01
    ^TYX