Tag Archives: yen

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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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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USD:JPY – Reversal target in sight

Dollar: Yen looks as though it might become an example of the cluster zone strategy I outlined in yesterday’s Fibonacci projection video

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USD/JPY – Stay Aligned

Have a look at this chart – now, quick, what’s your trading reaction – do you want to buy or sell this security?  If you’re like many traders, your first reaction to this daily chart is to “sell” – it appears … Continue reading

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USD:JPY – An interesting chart leading into a heavy data day

Today is one of those heavy data days with plenty of opportunity to alter market outlook. Significant releases include China’s February data; the US Non Farm Payrolls; a formal announcement on Greece’s debt restructure and UK industrial production One practical … Continue reading

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USD/JPY – How High?

Two weeks ago, USD/JPY cracked a down trend that began in 2007 – the blue line on the chart from the Tracker platform below: USD/JPY Monthly – 1997 to 2012

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Breaking USD/JPY

Fundamentals and technicals are pointing to a buy trade in USD/JPY. Yesterday, in a surprise move, the Bank of Japan announced a further easing of monetary conditions through an expansion of its bond purchasing program. Previous commitments of 55 trillion yen increased … Continue reading

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USD/JPY Hits All Time Lows

Source: Bloomberg The USD/JPY breached a support level last seen in 1995 to reach all-time lows this morning, clearly indicating the risks are on the downside for this pair. Having

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AUD/JPY – Buy the Rebuild

AUD/JPY – Buy the Rebuild Recent events in Japan have come at a terrible human cost. While acknowledging the tragic nature of the earthquake and subsequent events, it appears there will also be significant implications for markets.

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