Last Updated (Tuesday, 07 May 2013 02:39) GMT

USD/JPY Analysis

USD/JPY Daily And Hourly Charts

USD/JPY Hourly Chart

USD/JPY Technical analysis

USD/JPY Daily Chart

USD/JPY daily analysis

The analysis for USDJPY is updated daily. Please check the update time at the top before taking any action.

US Dollar - Japanese Yen (USD/JPY) Technical Analysis

USD/JPY Exchange Rate: 99.22 (At the time of analysis update).

Outlook: Short term (Immediate/next) Volatile sideways. Near-term(First/next) : Volatile sideways / Up.

USD/JPY Analysis ( May 7, 2013) : The first important resistance is 99.45 and a break of that shoulod bring further upward moves. However, overall the strong psychological pressure of 100.00 is in place and there is no good trade configuration considering the risk-reward ratio and hence we are not taking any position

Previous Analysis (May 3, 2013: Because of the lack of any good trade configuration, we are keeping away.

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Note 2: Please also take a look at USD/JPY forecast for mid-term term trading approach updated on the weekends.

USD/JPY Interest Rate comparison
(For Carry Trades)
USD interest rate
0.25%
JPY interest rate
0.10%
USD/JPY interest rate comparision
0.15%

USD/JPY Resistance and Support with Daily Pivot Points (Values at GMT 00:00)

Last Updated (Tuesday, 07 May 2013 02:39) GMT

Standard Pivot Point for USD/JPY Fibonacci Pivot Point for USD/JPY Woodie Pivot Point for USD/JPY Camarilla Pivot Point for USD/JPY
R3 99.8 R3 99.62     R3 99.3
R2 99.62R2 99.47R2 99.61R2 99.26
R1 99.41 R1 99.38 R1 99.39 R1 99.23
Pivot 99.23 Pivot 99.23 Pivot 99.22 Pivot 99.23
S1 99.02 S1 99.08 S1 99 S1 99.15
S2 98.84 S2 98.99 S2 98.83 S2 99.12
S3 98.63 S3 98.84     S3 99.08
Open 99.12 Open 99.12 Open 99.12 Open 99.12
High 99.45 High 99.45 High 99.45 High 99.45
Low 99.06 Low 99.06 Low 99.06 Low 99.06
Close 99.19 Close 99.19 Close 99.19 Close 99.19

USD/JPY's Correlation with other currency majors

USD/JPY Correlation Values:
 
USD/JPY
P
e
r
i
o
d
U
S
D
/
J
P
Y
AUD
/USD
EUR
/CHF
EUR
/GBP
EUR
/JPY
GBP
/USD
NZD
/USD
USD
/CAD
USD
/CHF
EUR
/USD
1
W
e
e
k
1 0.03 0.56 -0.61 0.9 0.37 -0.06 0.17 0.71 -0.57
1
M
o
n
t
h
1 -0.34 0.22 0.42 0.95 -0.13 0.01 0.24 -0.2 0.56
1
Y
e
a
r
1 0.2 0.82 0.91 0.97 -0.48 0.68 0.29 -0.38 0.58

USD/JPY Correlation Graph:
 
0.03
   
0.2
   
 
0.56
   
0.82
   
 
-0.61
   
0.91
   
 
0.9
   
0.97
   
 
0.37
   
-0.48
   
 
-0.06
   
0.68
   
 
0.17
   
0.29
   
 
0.71
   
-0.38
   
 
-0.57
   
0.58
   
   
0.03
   
0.2
 
   
0.56
   
0.82
 
   
0.61
   
0.91
 
   
0.9
   
0.97
 
   
0.37
   
0.48
 
   
0.06
   
0.68
 
   
0.17
   
0.29
 
   
0.71
   
0.38
 
   
0.57
   
0.58

Please check the current USD/JPY Exchange Rate

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