Tag Archives: JPY

Timing the Yen reversal with MACD

CAD: JPY looks like a chart with potential for a major correction. Faced with an uptrend that’s been the proverbial freight (or perhaps bullet) train it would seem prudent not to take it on just yet. That said, the obvious supports are a long way below the market at … Continue reading

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AUD: JPY – Sell on trend break

With company and commodity markets being sold last night, the Aussie: Yen chart might be one for swing traders to watch if we do at last get a “risk off” correction in the near future.

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NZD/JPY – Watching key resistance

The Bank of Japan meeting on Tuesday, left markets undecided. As expected, the Bank announced a 2% inflation target for the medium term and a significant stimulus plan to help achieve this. However, the new plan for monthly government debt purchases will … Continue reading

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Japan 225 Head and Shoulder – a set up for today’s Bank of Japan decision

Japanese markets have run hard in expectation that the Bank of Japan is about to signal a far more aggressive approach to monetary policy. Momentum oscillators though, have recently been showing classic divergence. With expectations set high, this situation looks to have … Continue reading

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Buy AUD/JPY Ahead of BoJ

The Bank of Japan today conclude’s a two day meeting. Markets are expecting a commitment to a 2% inflation target (up from 1%) and further measures to stimulate the Japanese economy through a weaker Yen. (For a full discussion of … Continue reading

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USD:JPY – Sell Strategy

With markets reacting nervously to this afternoon’s news that Republicans have abandoned the planned passage through Congress of a bill on deficit reduction, the Dollar: Yen set up I discussed in recent posts looks a chance of being triggered today

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CAD/JPY “History Rhymes”

Yen weakness on the re-election of the LDP in Japan appears to anticipate the new government pressuring the Bank of Japan to further increase liquidity. While this may eventually be the case, and while favouring Yen weakness overall, in the … Continue reading

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USD: JPY – Japanese election puts 2nd reversal target into play.

The sell set up I posted on Thursday failed to trigger. After the weekend’s convincing election win by Shinzo Abe, Dollar: Yen gapped higher this morning with traders anticipating a more aggressive approach to both fiscal and monetary stimulus in Japan. The net result – a good … Continue reading

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AUD/JPY – a chart for today’s employment number

It would take a crazy brave blogger to make firm predictions about a volatile number like today’s employment statistics. I’m not sure that’s me. I do think though that today’s figure has the potential to be a decent market mover when it”s released at 11.30am. Aussie … Continue reading

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USD: JPY – Short term Head and Shoulder

Market reaction was minimal when the Bank of Japan left monetary policy unchanged today. Even so, the yen has had a steep descent following news of an election in Japan leading to expectations of more “dovish” members being appointed to the BOJ. We’ve arrived at a situation where, the 4 … Continue reading

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