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
    1.4115+0.0022+0.16%
    USDSGD=X
    1.5812+0.0064+0.40%
    EURSGD=X
    2.1683-0.0028-0.13%
    GBPSGD=X
    85.8960-0.3845-0.45%
    SGDJPY=X
    5.4908-0.0084-0.15%
    SGDHKD=X
    2.9707+0.0104+0.35%
    SGDMYR=X
    9,955.4092-57.041-0.57%
    SGDIDR=X
    4.5178-0.0163-0.36%
    SGDCNY=X
    1.0024-0.0067-0.66%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,130.20-3.80-0.34%
    GCZ15.CMX
    14.50-0.05-0.34%
    SIZ15.CMX
    47.32-1.51-3.09%
    ^XAU
    2.30-0.04-1.79%
    HGZ15.CMX
    44.36-0.86-1.90%
    CLV15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.50-0.02
    ^FVX
    2.16-0.02
    ^TNX
    2.89-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.13+0.01+6.56%
    5DN.SI
    0.545+0.025+4.81%
    N21.SI
    0.310.000.00%
    5WA.SI
    3.74-0.06-1.58%
    Z74.SI
    0.770.00+0.65%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.30+0.10+46.34%
    Y06.SI
    1.05+0.28+36.36%
    AXL.SI
    0.22+0.03+18.28%
    5RE.SI
    0.198+0.028+16.47%
    C10.SI
    0.24+0.03+14.29%
    N08.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.057-0.095-62.50%
    5MD.SI
    0.35-0.07-16.67%
    AZT.SI
    0.335-0.065-16.25%
    BAZ.SI
    0.26-0.03-10.34%
    I06.SI
    0.45-0.05-10.00%
    AWV.SI