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9 Oct 2014 USD/JPY Analysis

9 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 A persistent trade deficit and negative yield sees Yen not as attractive for the longer term, reason behind why USD/JPY only fell slightly after the FOMC meeting minutes release

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 A fall below the uptrend line in blue sees the pair likely to consolidate towards support at 107.36 should any further data arise from the U.S that shifts investors to the Yen on the short term

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 USD/JPY stays still around 108 as lack of push from either currency market decreases volatility

While the FOMC meeting minutes did not give rise to an earlier than expected rate increase sentiment, rather, to forecast it into mid 2015, the dollar – yen divergent remains distinct, as Japan is going through 26 months of trade deficits as the BOJ bond yields remain low, while the U.S Treasury yields looks to go up as the Fed looks to draw the curtains on its bond buying program. Any retracement to go bearish looks good to go on the short term, while position traders expect the pair to retest 110 again soon and towards 120.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Slight Bearish106.6 107.3108108.78109109.6

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