USD/JPY to remain below 78.82/79.01

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"A lack of additional monetary easing could risk a stronger yen"
- Mitsubishi UFJ Morgan Stanley Securities Co. (based on Bloomberg)

Pair's Outlook

Another attempt of the currency couple to break free from the narrowing trading range has failed before it managed to reach 78.82/79.01. This resistance is to play one of the main roles in shaping chart of USD/JPY in the upcoming days along with support at 77.72/49, even though in the long run we are still likely to see recovery of the pair.

Traders' Sentiment
The Japanese Yen is the least popular currency among its major counterparts, being bought in 30% of cases in SWFX marketplace. Sentiment of traders towards it in USD/JPY currency pair is no exception, since 71% of positions on the pair are long and 29% are short.

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Actual Topics

Tue, 18 Sep 2012 07:56:06 GMT

USD/CHF stabilises at 0.9253/20

A rebound initiated by 0.9253/20 is not expected to develop into something more than a shallow short-term rally, which is anticipated to be terminated near 0.9328/62. Accordingly, sooner rather than later USD/CHF should reinstate its targets at 0.9173 and 0.9083, where some of the nearest supports may be found. We may also temporarily see lack of mobility of the pair

Tue, 18 Sep 2012 07:35:04 GMT

GBP/USD loses momentum

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