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COZfx: USD/JPY gains on solid US jobless claims report

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Re: COZfx: USD/JPY gains on solid US jobless claims report

Postby Waber » Tue Feb 16, 2016 3:01 pm

There are no really key obvious levels below 111.00 and 115.54 and both of these are probably too far away to be of any use before the FOMC release tomorrow. However if the pair found strong support at 113.00 it would not be surprising.
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Re: COZfx: USD/JPY gains on solid US jobless claims report

Postby Waber » Tue Feb 16, 2016 3:06 pm

This pair rose fairly strongly yesterday before topping out during the late Asian session not far from 115.00.
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Re: COZfx: USD/JPY gains on solid US jobless claims report

Postby Waber » Wed Feb 17, 2016 3:11 pm

The FOMC release due later today might have a big impact on this pair. As the JPY is pretty strong right now, if the release is more dovish than expected we could see a meaningful move down by this pair.
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Re: COZfx: USD/JPY gains on solid US jobless claims report

Postby Boshka » Fri Feb 26, 2016 3:17 pm

The USD/JPY seems to be at the pivot point right at the moment and I think it's a perfect time to open a sell.

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Re: COZfx: USD/JPY gains on solid US jobless claims report

Postby Boshka » Sat Feb 27, 2016 11:34 am

The USD/JPY turned out to move even higher, but I'm going to try again next week.

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Re: COZfx: USD/JPY gains on solid US jobless claims report

Postby Waber » Wed Mar 16, 2016 2:14 am

The Bank of Japan’s monthly policy statement was released earlier and had the effect of strengthening the Yen which sent this pair moving downwards.
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Re: COZfx: USD/JPY gains on solid US jobless claims report

Postby Waber » Wed Mar 16, 2016 2:17 am

Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 114.50
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Re: COZfx: USD/JPY gains on solid US jobless claims report

Postby Waber » Wed Mar 16, 2016 2:34 pm

The Bank of Japan’s monthly policy statement yesterday succeeded in producing enough Yen strength over the short-term to push the price down below 113.00 for a short while, but the USD has gathered strength over the past two or three sessions and this has brought the price back up to within sight of 114.00 again, so the consolidation looks to be remaining reliable despite the long-term bearish trend.
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Re: COZfx: USD/JPY gains on solid US jobless claims report

Postby Waber » Fri Mar 18, 2016 2:46 am

There was initially some support at 112.00 but the sentiment against the USD is strong and nothing can really prop up that currency yet, so the pair continues to fall.
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Re: COZfx: USD/JPY gains on solid US jobless claims report

Postby Waber » Wed Apr 13, 2016 1:46 pm

The major action within the Forex market remains elsewhere although the USD is still in focus. The pullback has been deeper than might have been expected, and the printing of new support at 108.43 is a bullish sign.
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