USD/JPY analysis for October 14, 2015

14 October, 2015

There was no important macroeconomic statistics publication; the trades were set by the bond and stock markets. The US and Japanese government bond yields were expanding the whole last week that increases the investments’ attractiveness into the US assets. The investors' risk appetite is still preserved: the Chinese stock market closed the first half of the week with the quotations growth by 3.29%.

The price is finding the first support at 119.20, the next one is 118.40. The resistance is at 120.40, the next one is at 121.60.

There is a weak sell signal. The price is below the Cloud now. The USD/JPY is below the Chinkou Span. The Tenkan-sen and the Kijun-sen are directed downwards.

The MACD indicator is in a negative territory now. The histogram is decreasing.

Trading recommendations

The pair is in a flat. The direction is uncertain. The first growth target is the level of 120.40. The decrease target is 119.20.


Source   Presented by Fort Financial Services
Yen Gains as Shinzo Abe Launches $121 Billion Stimulus

The Japanese yen strengthened slightly against the EUR as the markets reflected on the new stimulus package by Shinzo Abe. The $121 billion stimulus...

Currency Point: USDJPY multi-time framed

There are further signs in currencies that risk trading is facing fatigue and there is growing signs a short period...

USD/JPY eases from 2-month tops

Fading safe-haven demand continued weighing on the JPY and provided a goodish lift on Tuesday. The ongoing slide in the US bond yields...


Yen flexes bullish muscles

Everyone wanted a piece of the Japanese Yen on Wednesday after disappointing ADP payroll data from the United States and gloomy outlook on trade...

Yen shunned as risk appetite improves

The Japanese Yen is entangled in losing battle against every single G10 currency today as risk appetite improves on trade optimism and...

USD/JPY recovers to 107 area

10-year US T-bond yield extends slide, drops below 2%. US Dollar Index stays calm near the 96 mark. Fed's Williams & Bostic, FOMC Chairman Powell...


Oscillates in a familiar trading range

The USD/JPY pair lacked any firm directional bias and seesawed between tepid gains/minor losses through the early European session on...

USD/JPY climbs to 1-week tops

Improving risk sentiment dents the JPY's relative safe-haven status. The USD remains supported by a solid rebound in the US bond yields. Focus now shifts...

USD/JPY backs away from highs

US Dollar Index retreats toward 97 area. Nikkei Manufacturing PMI in Japan improves slightly in March. Coming up: Retail sales and manufacturing...