The yen to dollar pair continued to validate the tweezer bottom outlined in last week’s market commentary, pushing higher once again on Friday, and ending the trading session with an up candle which found support from the 9 day moving average, but which failed to...
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Yen To Dollar – USD vs JPY Daily Candle Chart 17th July 2009
As the markets swing between risk aversion and risk appetite we see this battle reflected in the price action of the yen to dollar pair. Yesterday’s candle on the daily chart closed the session marginally lower and with a deep lower wick almost completely mirroring...
Yen To Dollar – USD/JPY Dollar Yen Chart 16th July 2009
Yesterday’s up candle on the yen to dollar daily chart confirmed once again the tweezer bottom outlined in this week’s market commentaries with prices breaking and holding above the 9 day moving average. However, for longer term trend trading I would now advocate extreme caution...
Yen vs Dollar – Daily Candle Chart 15th July 2009
Yesterday’s candle on the daily chart for the yen to dollar pair finished the day with a wide spread up bar confirming the tweezer bottom trading pattern outlined in Monday’s market commentary (for once it feels very satisfying to be right) and this momentum has...
Dollar vs Yen – Daily Candle Chart USD/JPY 14th July 2009
As markets now wait for the earnings season to start in earnest with the release by Goldman Sachs (before the bell) of some spectacular results we may see the yen to dollar pair temporarily reinvigorated. This would tend to be reinforced by the daily candle...
Yen To Dollar – USD/JPY Daily Candle Chart 13th July 2009
Given the very strong correlation of the Yen crosses to the equity markets, this week’s price action will largely be influenced by events in the equity markets and, in particular, tied to the quarterly earnings season in the US. Friday’s candle ended the session marginally...
USD vs JPY – Dollar Yen Daily Candle Chart 10th July 2009
Following Wednesday’s breakdown of the yen to dollar chart, when we finally breached the 94 floor on the daily chart, as risk aversion galloped back into the market, yesterday’s candle provided a measure of profit taking ending the day marginally higher and with a relatively...
Dollar vs Yen – USD/JPY Daily Candle Chart 9th July 2009
Hurrah! Finally the USD/JPY sprang into life yesterday and with one enormous bound cleared the 94 price handle reaching an intra day low of 91.85 and closing the session on a wide spread down bar which has finally broken out from the sideways trading range...
Dollar vs Yen – Daily Candle Chart 7th July 2009
The general bearish slide in the yen to dollar pair continued yesterday as we move inexorably towards our initial target of 94 on the daily chart at which point we may consider the options for trading the pair once again. At present the USD/JPY pair...
Dollar vs Yen – USD/JPY Daily Candle Chart 6th July 2009
Friday’s candle for the yen to dollar currency pair provided us with little in the way of trading signals ending the session as a narrow spread doji squeezed between the 9 and 14 day moving averages. The general tone for the dollar yen remains bearish...
