USD/JPY stays bullish

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The focus is on the U.S., and the ongoing pushback we're seeing in tapering expectations, and the toll that's taking on U.S. bond yields and the U.S. dollar. The fiscal shenanigans in Washington mean more potential for volatility and choppiness."
- Bank of New Zealand Ltd. (based on Bloomberg)

Pair's Outlook

The 200-day SMA failed to buoy the greenback, but it seems that a combined demand, created by the supports from 97.50 to 97.00, will be able to prevent an increase in the losses. Still, USD/JPY needs to gain a foothold above the moving averages for 55, 100 and 200 periods in order to confirm its bullish intentions and resume the trend started a year ago.

Traders' Sentiment
Right now three out of four market participants view the U.S. Dollar as a bullish currency compared to the Japanese Yen; yesterday 71% of open positions were long. Another positive sign for USD/JPY is that most (64%) of the orders placed on the currency pair are to buy the Dollar.
© Dukascopy Bank SA
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Actual Topics

Thu, 03 Oct 2013 06:51:53 GMT

USD/CHF is at Feb low

Being that USD/CHF has just breached the falling support line and at the moment is changing hands near the February lows, it thereby runs the risk of falling even lower, down to 0.8930.

Thu, 03 Oct 2013 06:51:36 GMT

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