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...
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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 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 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...
Yen Dollar – Daily Forex Chart 27th April 2009
Friday’s candle finally broke below the small interim support platform which had held firm during the week and added a bearish tone overall to the dollar yen pair, closing below all three moving averages and with the 40 day now crossing the 9 day and...
Yen Dollar – Daily Chart 9th April 2009
The dollar yen currency pair is continuing to consolidating nicely between the 100 and 101 area prior to pushing higher in next week’s trading, supported by all three moving averages which are now pointing upwards. This anticipated move received an extra boost yesterday with the...
Yen To Dollar – Daily Chart 8th April 2009
Mmm! Yesterday’s candle neither confirmed nor denied the gapped up shooting star of Monday which we saw as a possible early warning that the market may have temporarily run out of steam before moving higher, with the bar finishing marginally higher and with a long,...
Yen to Dollar – Daily Chart 6th April 2009
As I had been suggesting all week we have finally had the decisive breakout that we have been waiting for on dollar yen pair with Friday’s close finishing above the psychological 100 mark, with all three moving averages now pointing to a move higher. This...
Yen To Dollar – Daily Candle Chart 2nd April 2009
Following Tuesday’s wide spread up bar which signalled the long awaited break out from the sideways trading of the last few weeks, and providing us with a bullish signal, yesterday’s candle came as bit of surprise, finishing the day as a bearish harami (Japanese for...
