USD/JPY demonstrates recovered bullish sentiments

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The yen-weakness trend hasn't changed yet. Any near-term gains in the currency may merely be a "correction," with the Japanese government set to announce measures to boost the economy and ahead of the BOJ meeting."
- National Australia Bank Ltd. (based on Bloomberg)

Pair's Outlook
USD/JPY pair demonstrates a recuperation of bullish sentiments, as the price increases to the weekly PP level at 87.49. The pair is driven by fundamental expectations to see an expansion of monetary easing by the bank of Japan, therefore market is guided only by the RSI indicator, which sends signals about overbought points. Currently, the RSI has a value of 68 in a daily graph and 76 in a weekly graph.

Traders' Sentiment
SWFX market traders increase their preferences for the Japanese Yen, since 38% of positions are long and 62% are short. Pending orders situation remains bullish, but not as greatly as previously, since 80% of orders are buy and 20% are sell.

© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 09 Jan 2013 08:42:34 GMT

USD/CHF moves along a down-side resistance

USD/CHF pair is bounded by a down-side resistance at 0.9240. The pair has tested this resistance during the previous week, but the Bollinger band prevented a further appreciation. Situation is really vague now, as USD/CHF is just on the resistance line and it is just the second bullish candle after the previous bearish week. Also the price is in the

Wed, 09 Jan 2013 08:41:40 GMT

GBP/USD tests the 55-day SMA

The Cable moves more volatile than the major currency pair, since GBP/USD is already testing the 55-day SMA at 1.6060. Today, the price is already slightly lower than the average and, if the pair closes beneath the SMA, it is likely to see a further depreciation or even a trend reverse. The closest support levels are at 1.6010, the lower

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.