Note: This section contains information in English only."The Yen was steady against the US Dollar on Tuesday after Japanese housing starts came in much weaker than they had in the previous month."
– David Cottle, Daily FX
Pair's Outlook
[ANNOUNCE]The US Dollar did not depreciate further against the Japanese Yen on Tuesday. A fall of the currency exchange rate was indicated by the technical data. [/ANNOUNCE]However, a rare event occurred that affected the currency pair. Fundamental data affected a currency exchange rate on a daily timeframe. To be precise, it was the US housing starts, which were so low that the fall of the USD/JPY stopped. As a result an attempt to break through the weekly PP at 117.39 even occurred. Due to that traders are advised to review their short term forecasts.
Traders' Sentiment
Trader sentiment remains unchanged, as 54% of traders shorted the US Dollar on Tuesday. Meanwhile, trader set up orders were bullish, as 55% of pending commands were set up to buy the Greenback.
Tue, 27 Dec 2016 10:03:12 GMT
Source: Dukascopy Bank SA
– David Cottle, Daily FX
Pair's Outlook
[ANNOUNCE]The US Dollar did not depreciate further against the Japanese Yen on Tuesday. A fall of the currency exchange rate was indicated by the technical data. [/ANNOUNCE]However, a rare event occurred that affected the currency pair. Fundamental data affected a currency exchange rate on a daily timeframe. To be precise, it was the US housing starts, which were so low that the fall of the USD/JPY stopped. As a result an attempt to break through the weekly PP at 117.39 even occurred. Due to that traders are advised to review their short term forecasts.
Traders' Sentiment
Trader sentiment remains unchanged, as 54% of traders shorted the US Dollar on Tuesday. Meanwhile, trader set up orders were bullish, as 55% of pending commands were set up to buy the Greenback.