FOREX ANALYSIS: Japanese Yen Bounce Clouds Outlook

ssi_aud-usd_body_Picture_4.png, FOREX ANALYSIS: Japanese Yen Bounce Clouds Outlook

USDJPY – Forex trading crowds have bought into a recent US Dollar (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.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3731-0.0033-0.24%
    USDSGD=X
    1.4734-0.0165-1.11%
    EURSGD=X
    2.03770.000.00%
    GBPSGD=X
    87.3352+0.0459+0.05%
    SGDJPY=X
    5.6460+0.0118+0.21%
    SGDHKD=X
    2.6974-0.0005-0.02%
    SGDMYR=X
    9,517.5205+1.0234+0.01%
    SGDIDR=X
    4.5154+0.0041+0.09%
    SGDCNY=X
    1.0461-0.0071-0.67%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,186.90+2.10+0.18%
    GCJ15.CMX
    16.66-0.01-0.08%
    SIK15.CMX
    65.60-0.92-1.39%
    ^XAU
    2.75-0.04-1.29%
    HGK15.CMX
    48.13-0.55-1.13%
    CLK15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.38-0.04
    ^FVX
    1.94-0.03
    ^TNX
    2.54-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.2850.0000.00%
    5WA.SI
    0.172+0.002+1.18%
    5GB.SI
    0.131-0.003-2.24%
    E13.SI
    0.183+0.016+9.58%
    A50.SI
    0.425-0.010-2.30%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.15+0.04+36.36%
    5IF.SI
    0.148+0.018+13.85%
    L10.SI
    0.155+0.018+13.14%
    K14.SI
    0.139+0.016+13.01%
    P36.SI
    0.169+0.019+12.67%
    5PI.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.11-0.03-23.61%
    5GF.SI
    0.22-0.03-12.00%
    O08.SI
    0.22-0.03-10.20%
    5WJ.SI
    0.116-0.013-10.08%
    V69.SI
    0.29-0.03-9.38%
    40U.SI