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16 Sept 2014 USD/JPY Analysis

16 Sept 2014 USD/JPY Analysis

Boj, USD, JPY, Yen, Japanese Yen, USDJPY, USD/JPY, Dollar, Bearish action likely to continue near uptrend exhaustion for Dollar-Yen

BOJ, USD, JPY, Yen, Japanese Yen, USDJPY, USD/JPY, Dollar, 107.26 resistance holds strong on the H4 charts

BOJ, USD, JPY, Yen, Japanese Yen, USDJPY, USD/JPY, Dollar, USDJPY trades below 55 hour average and looks to dip

USDJPY dips towards next support 106.67 as the pair looks to break support at 107 after resistance 107.37-107.23 fails to hold after consolidation. BOJ Governor Haruhiko Kuroda is due to hold a speech at Osaka later today which is likely to have a small bearing on the movement of the currency.On the H4 charts, 106.1 shows the last support price for the bullish trend and will be most keenly watched to continue the buying once the pair regains strength.

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