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- Societe Generale (based on Reuters)
Pair's Outlook
As yesterday USD/JPY pair experienced a spike down after the Japanese central bank decision on easing policy, the price has retreated and closed just above the 200-day SMA level. Today the prices continues decrease and approaches same level at 79.61. If this movement is successful, than we might expect a further price decrease and 79.07/12 level testing.
Traders' Sentiment
SWFX market participants strengthened their bullish position on USD/JPY pair since yesterday, as 74% traders hold a long position and only 26% a sell position. Pending orders market delivers even more segmented expectations, as 80% orders are buy and only 20% are sell.
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