© Dukascopy Bank SA
- Aozora Bank Ltd. (based on Bloomberg)
Pair's Outlook
USD/JPY pair slips lower after an unsuccessful attempt to breach a previous high at 82.84. Currently, the price is close to the weekly PP level at 82.30. There depreciation of the U.S. Dollar seems to be a likely scenario, as in a weekly graph the pair is testing the Bollinger line form above and the RSI indicators has a value 65 in a daily and weekly time frames.
Traders' Sentiment
SWFX market players maintains huge expectations to experience a further appreciation, since the buy side has 71% of opened positions and the sell side has 29%. Pending orders disproportions stays in the highest point, as 91% orders are buy and only 9% are sell.
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