USD/JPY remains rather flat on Thursday morning

Source: Dukascopy Bank SA
© Dukascopy Bank SA
"2017 should be a good year for the U.S. dollar unless the strong dollar kills corporate earnings." – Kathy Lien, BK Asset Management (based on investing.com)

Pair's Outlook

The US Dollar surged against the Japanese Yen on early Thursday morning. However, the gains were rather minor. The slight gains scored on Thursday morning were a continuation of the currency exchange rates late Wednesday's rebound against the weekly PP, which is located at 117.14. It is most likely that the currency pair will continue to surge, as not only the ascending trend is still viable, but also daily aggregate technical indicators forecast a surge of the Greenback against the Yen. 

Traders' Sentiment

Traders remain bearish regarding the pair, as 59% of open positions were short on Thursday morning. However, 55% of trader set up orders were set up to buy the US Dollar.
© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.