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17th Oct 2014 USD/JPY Analysis

17th Oct 2014 USD/JPY Analysis

 dollar, Yen, USD/JPY outlook, USD/JPY technical analysis, USD/JPY Forecast, Japanese Yen, USDJPY analysis, USDJPY outlook, USDJPY technical analysis, USDJPY analysis, USDJPY forecast, USD/JPY analysis, Bank of Japan, BOJ, Kuroda, Haruhiko Kuroda, Shinzo Abe, U.S Dollar, USD, Abenomics Yen strength took a breather as the USD/JPY rate did a rebound at the 50% of the uptrend Fibonacci retracement

 dollar, Yen, USD/JPY outlook, USD/JPY technical analysis, USD/JPY Forecast, Japanese Yen, USDJPY analysis, USDJPY outlook, USDJPY technical analysis, USDJPY analysis, USDJPY forecast, USD/JPY analysis, Bank of Japan, BOJ, Kuroda, Haruhiko Kuroda, Shinzo Abe, U.S Dollar, USD, Abenomics A rebound at 106 range yesterday is likely to lead to a retracement before hitting new lows. Moving averages are hooking downslope as well

 dollar, Yen, USD/JPY outlook, USD/JPY technical analysis, USD/JPY Forecast, Japanese Yen, USDJPY analysis, USDJPY outlook, USDJPY technical analysis, USDJPY analysis, USDJPY forecast, USD/JPY analysis, Bank of Japan, BOJ, Kuroda, Haruhiko Kuroda, Shinzo Abe, U.S Dollar, USD, Abenomics Traditional MACD confirms the continuation of the bearish momentum

Demand for U.S Treasuries rose briefly yesterday, along with bonds in Germany and Japan as global growth is losing momentum, fueling demand for the safest securities. U.S debt yields yesterday slid to the least since May 2013. The odds of the Federal Reserve raising interest rates by September have declined to less than 50 percent this month.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Bearish105105.45106 107.15107.45108106.7107.2105

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