With the dollar yen now approaching the neckline of the head and shoulders pattern of the last two months we can now begin to think about the possibility of short positions in this currency pair should this price region be broken in due course. Yesterday’s...
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Yen to Dollar – Daily Spot Chart 12th May 2009
With a classic “head and shoulders” pattern now forming in the daily chart for the dollar yen we now need to wait to see if the current downwards price action, as seen in yesterday’s wide spread down bar, continues, and in particular whether the price...
Dollar Yen – Daily FX Chart For Yen To Dollar 11th May 2009
The dollar yen continues to consolidate sideways and was one of the few pairs that failed to benefit from a sustained US dollar sell off on Friday. With all three moving averages intertwined and with daily candles showing little prospect of wide spread break outs...
Yen Dollar – USD/JPY Daily FX Chart 8th May 2009
The daily chart for the dollar yen pair is possibly now creating a tentative head and shoulders pattern which could materialize into a fall in prices in due course to create the complete pattern. Yesterday’s daily candle was once again indecisive with a failed attempt...
Yen Dollar – Daily FX Chart USD/JPY 7th May 2009
With Japan now back from their Golden Week Holiday, yesterday provided some much needed price movement in the dollar yen pair which although indecisive, was nevertheless welcome. The daily candle closed above all three moving averages having first tested all three and bounced off the...
Dollar Yen – USD/JPY Currency Trading Daily Chart 6th May 2009
With Japan still closed for the Golden Week holiday trading volumes can best be described as “thin”, with the dollar yen trading in a relatively narrow range until rumours that Bank of America is likely to need at least $34bn of fresh money to help...
Yen To Dollar – Daily FX Chart 5th May 2009
With the Japanese market closed for the Golden Week Holiday we can expect little change to the current sideways trend in the yen to dollar pair typical of the past few days. With the moving averages now converging and little in the way of news...
Yen To Dollar – Daily Forex Chart 1st May 2009
Yesterday’s wide spread up bar which ploughed through all three moving averages now forces us to consider once again the feasibility of the dollar yen pair toying with the psychologically important 100 price point, but in all probability we are likely to see a period...
Yen to Dollar – Daily FX Chart 30th April 2009
Some glimmers of hope for the Japanese economy with the release earlier today of the PIP data (Preliminary Industrial Production) which surprised the markets by coming in at an encouraging 1.6% against a forecast of 0.8%, with output rising twice as fast as expected in...
Yen To Dollar – Daily Forex Chart 29th April 2009
With a national holiday in Japan all the fundamental news on the economic calendar for the dollar yen is in the US where Advance GDP figures have just been released and have come in worse than expected at -6.1% against a forecast of -4.8%, which...
