USD/JPY Forecast March 24, 2014, Technical Analysis
The USD/JPY pair fell during the session on Friday, but stays above the 102 level to show signs of support.
FXY
USD/JPY Forecast March 21, 2014, Technical Analysis
The USD/JPY pair did very little during the session on Thursday, hovering just below the 102.50 handle.
USDJPY Daily Analysis – March 19, 2014
USDJPY is facing 101.20 support again, a breakdown below this level will signal resumption of the downtrend from 103.76, then the following downward movement could bring price to 98.00 zone.
USD/JPY Resistance Turned Support March 12, 2014
USD/JPY might be in for a quick pullback to an area of interest before resuming its rally.
USD/JPY Forecast March 11, 2014, Technical Analysis
The USD/JPY pair initially fell during the first part of the Monday session, but as you can see spent the rest of the day bouncing in order to form a hammer.
Currency Carry Trade
We had a subscriber ask about any suggestions where to look for possible currency ETFs action. Interest rates at record rates not only in the U.S. but globally as well. Add into the mix huge amount of monetary easing like QE3 from U.S. Federal Reserve and central banks around the globe like Japan, Australia and England just to mention a few has seem have broken the system.
Morning Coffee Break
Welcome to today’s Morning Coffee Break – traders had a case of Deja vu yesterday as the U.S. markets traded similar to last week ahead of the European Central Bank (ECB) and U.S Federal Reserve meetings. U.S. futures are indicating a positive opening today with the Dow Jones fair value of 30.36, S&P 500 fair value of 2.33 and the NASDAQ’s fair value currently at 5.37.