© Dukascopy Bank SA
- Mizuho Securities Co. (based on Bloomberg)
Pair's Outlook
This week was very volatile for USD/JPY pair, as the price increased from 78.20, being a lot for this currency pair. Currently, the price is showing a negative impetus, as yesterday was not able to brake a 80.22 level, where the weekly and monthly R2 levels lie. Some correction is just mandatory, as all time frames show that the price is in an overbought zone with a divergence between the price and technical indicators.
Traders' Sentiment
SWFX market traders expectations to see a further depreciation of the Japanese Yen have increased by 4% since yesterday, as 75% traders hold a long position and only 25% a short. Pending orders segment lightens its expectations, as 80% look for a buy and 20% for a sell.
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