The Japanese was able to appreciate only relative to the Euro and the Swiss Franc, falling behind the rest of the majors after a series of disappointing news on Thursday.
Regardless of the unfavourable macroeconomic bacground the Japanese Yen was the most bullish currency among the majors.
The Yen was the main loser of Wednesday, falling as much as 0.62% against the Loonie and 0.53% versus USD.
The US Dollar has started this week much better than the last week, as it has gained against the Japanese Yen.
After the bearish performance by the US Dollar at beginning of the week, it managed to recover and it posted gains versus the Japanese peer.
During the last two days USD/JPY has climbed more than 2% and is likely to post a weekly gain, after the weak performance at the beginning of the week.
USD/JPY reversed all this week's losses yesterday, as the Yellen's remarks favored the US currency.
USD/JPY prolonged its decline by falling 1.2% yesterday, as the pair continues its phase of correction.
USD/JPY slipped 0.71% in the first day of the week, as the pair continues its phase of correction.
Even though US Dollar rebounded rather strongly on Friday, it still lost value against the Japanese Yen on a daily basis.
Even though the USD/JPY pair appreciated yesterday and is trying to extend this climb, the pair has still declined on a weekly basis, as it dropped more than 400 pips in the first three days of the week, after reaching the highest level this year at 121.85. However, the pair's retreat was stopped, after the better-than-expected retail sales data in
"The distribution between the buy and sell orders have narrowed; although, the buy ones are still in the lead - 58% and 42% respectively. That could lead to a rebound in price; although, that could be limited by the closest resistance that is located at 119.05 (weekly S1). At the same time, if the selling pressure continue to increase a
"The distribution between the buy and sell orders have widened substantially and they are at 77% and 23% respectively. That could lead to a rebound in price; although, that could be limited by the closest resistance that is located at 120.37 (weekly PP). At the same time, if the selling pressure continue to increase a decline could be limited by
"The distribution between the buy and sell orders have narrowed and they are at 56% and 44% respectively. Most likely that the pair will not change in value dramatically; although, the closest resistance for it is located at 120.93 (monthly R1). At the same time, if the selling pressure continue to increase a decline could be limited by the closest
"The distribution between the buy and sell orders have narrowed and they are at 54% and 46% respectively. Most likely that the pair will not change in value dramatically; although, the closest resistance for it is located at 122.88 (weekly R1). At the same time, if the selling pressure increases a decline could be limited by the closest support that
"The distribution between the buy and sell orders has widened considerably as they are at 36% and 64% respectively. Most likely that the pair will not change in value dramatically; although, the closest resistance for it is located at 120.77 (weekly R3). At the same time, if the selling pressure increases a decline could be limited by the closest support
"The distribution between the buy and sell orders is very stable—48% and 52% respectively. Most likely that the pair will not change in value dramatically; although, the closest resistance for it is located at 120.77 (weekly R3). At the same time, if the selling pressure increases a decline could be limited by the closest support that is placed at 119.77
"The distribution between the buy and sell orders is quite stable—44% and 56% respectively. Most likely that the pair will not change in value dramatically; although, the closest resistance for it is located at 119.77 (weekly R2). At the same time, if the selling pressure increases a decline could be limited by the closest support that is placed at 119.23/11
The USD/JPY cross fell 0.31% in the first day of the week; however, it managed to set a new this year's high. Japan's manufacturing sector has not been the most influential to the currency; although, it still played relatively important role in the currency pair's development, since not many news related to USD/JPY was released. Japan's manufacturing sector continued to
On Friday the US Dollar rebounded 0.8%, after falling for three straight days against the Japanese currency. This price move could come as a surprise since on Friday were not released any data that could favor the Greenback; however, the overall bullish bias towards the pair pushed it higher. Nonetheless, if there were no major data on Friday, then there
The Japanese Yen slipped 0.14% against the US currency, making it the third straight daily loss for the currency pair. The main driver for that was the disappointing US durable goods orders, unemployment claims and new home sales that all were released worst than expected; however, the US Dollar's decline was subdued due to the fact that this is the