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- JPMorgan Chase & Co. (based on Bloomberg)
Pair's Outlook
The major Asian currency pair declines for a third trading session, as open-ended stimulus programme will start to be implemented only since 2014. This announcement disappointed markets players, thus the Yen quickly erases its losses. Today USD/JPY pair breaches the 20-day SMA line at 88.57 and if this movement is successful and the price settles beneath this SMA, it is very likely to see extension of the dip, as the pair will be in the lower part of Bollinger bands.
Traders' Sentiment
SWFX market traders have more bullish positions than bearish, as 54% are long and 46% are short. Pending orders segment is bullish, as 69% of placed orders are for a long position and 31% for a short position.
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