USD/JPY changes course

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Rising Treasury yields will continue to support the dollar. There are high expectations in the market of an expansion in the U.S. economy. The yen will continue to be whipsawed by stock movements."
- IG Markets Securities Ltd. (based on Bloomberg)

Pair's Outlook

Once USD/JPY crossed the August high, it was immediately sold off because of the resistances scattered between the levels at 100.26 and 99.96. Accordingly, the currency pair is moving away from the monthly R1 and the weekly R2 at the moment with a chance to stabilise near the 100-day SMA at 98.98, which in turn is surrounded by the weekly R1 and the 55-day SMA.

Traders' Sentiment
The Japanese Yen started losing in popularity. Just recently in its currency pairs the Yen was chosen in 42 out of 100 cases. Today this percentage is considerably lower, only at 37%. Specifically in USD/JPY the ratio between the long and short positions is 65% to 35% respectively.
© Dukascopy Bank SA
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Actual Topics

Fri, 06 Sep 2013 07:40:03 GMT

USD/CHF skyrockets

Yesterday there were still some doubts whether USD/CHF will manage to preserve the bullish impetus in the view of numerous resistances it had to breach.

Fri, 06 Sep 2013 07:18:19 GMT

GBP/USD faces difficulties

Though yesterday's behaviour of GBP/USD did not meet the expectations for a rally due to the resistance at 1.5610, there are still plenty of arguments in favour of a rebound from the nearest supports up to the June high at 1.5750, since the currency pair remains within an up-trend channel.

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