The yen to dollar currency pair never fails to exasperate and bore in equal measures and yesterday’s candle came completely out of the blue ending the day as a wide spread up bar racing through the 9 day moving average while finding some resistance at the 14 day average.  This week is turning into a [...]

There is little I can add to the price action for the dollar yen pair that I have not said before, as the pair continue to slide lower in ever smaller incremental steps.   This downward pressure was helped on Friday with a down bar which found the 9 day moving average an impenetrable barrier, and [...]

Yesterday’s candle on the yen to dollar chart added a decidedly bearish flavour to the sideways consolidation of the last few weeks which are increasingly showing a tendency to drift towards the downside, a view reinforced by yesterday’s high which found the 40 day moving average to be an impenetrable barrier.  The candle on the [...]

The dollar yen pair continues to frustrate and generally annoy on the daily chart (which is always a bad sign for any trader) as the sideways consolidation and whipsaw show little sign of coming to an end.  Yesterday’s FOMC statement provided little in the way of a catalyst and with both currencies still battling it [...]

I used to be a schizophrenic but now I’m in two minds would seem to describe the behaviour of the dollar yen at present with yesterday’s long legged doji characterizing yet another day of indecision, and a failure to follow through on the bearish sentiment indicated by Monday’s strong move lower.  The fundamental on the [...]

Yesterday’s wide spread down bar confirmed that in an otherwise messy picture, that the general bias for the yen to dollar pair is probably bearish and this may well be where we finally see a break below the 94 price point mentioned in several previous daily commentaries for the pair.  We should also note that [...]

Very little change on the yen to dollar daily chart with Friday’s candle once again reinforcing the consolidation of the currency pair finishing the day in a narrow trading range and with shadows to both top and bottom.  This currency pair remains one to avoid for the short term and indeed like many others is [...]

The dollar yen continued in its protracted and remorseless sideways consolidation yesterday reversing the trend of earlier in the week and closing the day up 55 pips but marginally below the 40 day moving average.  Until this pair breaks out of this sideways range and we see a decisive break below 94 or alternatively a [...]

Yesterday’s candle on the dollar yen chart was symptomatic of the current mood for this particular currency pair ending the day with a long legged doji with the opening and closing prices virtually identical.  This followed Tuesday’s wide spread down bar which should have signalled some degree of momentum, given that it broke through all [...]

Yesterday’s wide spread down bar on the daily chart for the yen to dollar finally injected some much needed momentum into this moribund pair with the price action starting above the 9 day moving average and finally closing below all three, indicative of the consolidation of the last few weeks.  With the 9 and the [...]