Technical Analysis Daily: USD/JPY

Dollar/Yen made an indecisive movement on Thursday, forming divergence on the 3 hour chart, than continued descending from the 89.44 top, closing the day at 88.95. On the 1 hour chart quotes made unconvincing break above 89.40, which indicates bulls’ weakness. Therefore our preferable scenario for now is downwards. Middle… Read More...

Lack Of Drive In USD Sees Japanese Yen On Full Throttle

The yen traded near a six-week high against the dollar as Asian stocks extended the biggest drop in global equities this month, spurring demand for the Japanese currency as a refuge. The Nikkei 225 Stock Average fell 0.5 percent, completing a fourth-straight weekly loss, the longest since October 2008. The… Read More...