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29 Sept 2014 USD/JPY Analysis

29 Sept 2014 USD/JPY Analysis

Boj, USD, JPY, Yen, Japanese Yen, USDJPY, USD/JPY, Dollar, Bullishness continues as resistance 108.67 broken as USDJPY trades higher

Boj, USD, JPY, Yen, Japanese Yen, USDJPY, USD/JPY, Dollar, 108.67 supported and 109.4 resistance sees the pair trade sideways for the week

Boj, USD, JPY, Yen, Japanese Yen, USDJPY, USD/JPY, Dollar, A slight higher low is observed as the trading week ended with an exhaustion candle at resistance zone.

The Tankan Manufacturing and Non Manufacturing Index announcement this Wednesday will be closely anticipated as the policy makers mull over the indicators that will force their hand on the next move of the policies towards the vision of Abenomics. Recent National Core and Tokyo Core consumer inflation slowed down more than expected and way off the inflation target of 2% has seen the Yen slump. In contrast, the slight gains over the week was due to indecisive trading towards the greenback as U.S launches more attacks on Syria’s extremist threat.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Bullish/ Near resistace107.56108.24108.67109.4110111

 

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.

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