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- Mizuho Financial Group (based on Bloomberg)
Pair's Outlook
As for today's morning, USD/JPY pair attempts to breach the 200-day SMA at 79.43 again. Currently, the price is slightly lower at 79.28 and if today it stays and tomorrow opens beneath the moving average, it is very possible to see a continuation of a downside trend. However, to do that, USD/JPY pair also has to break through the monthly PP at 79.34 and the lower Bollinger band at 79.19.
Traders' Sentiment
SWFX market players' sentiments are constant and extremely bullish, as the buy side occupied 73% and the sell side 27%. Placed orders segment maintain huge bullish support, as 81% orders are buy and only 19% are sell.
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