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
    1.3730+0.0029+0.22%
    USDSGD=X
    1.4938+0.0021+0.14%
    EURSGD=X
    2.0426+0.0026+0.13%
    GBPSGD=X
    86.7732-0.2095-0.24%
    SGDJPY=X
    5.6478-0.0113-0.20%
    SGDHKD=X
    2.6913+0.0058+0.22%
    SGDMYR=X
    9,509.5039-32.1445-0.34%
    SGDIDR=X
    4.5317-0.0007-0.01%
    SGDCNY=X
    1.0613+0.0017+0.16%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,199.80-6.50-0.54%
    GCJ15.CMX
    17.07-0.17-0.99%
    SIK15.CMX
    67.73-0.66-0.97%
    ^XAU
    2.77-0.05-1.78%
    HGK15.CMX
    48.87-3.00-5.83%
    CLK15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.42-0.06
    ^FVX
    1.95-0.06
    ^TNX
    2.53-0.07
    ^TYX

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