The dollar yen pair continues to trade in a relatively narrow range consolidating neatly in yet more sideways movements, closing the day marginally lower and once again below all three moving averages. The low of the day added to this rebasing movement which now seems...
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Dollar vs Yen – Forex Chart Daily Candle 22nd April 2009
The only item of fundamental news on the economic calendar for the Japanese Yen was released in the overnight trading session by the Ministry of Finance who reported that Japan’s exports in the Trade Balance figures continued to fall in March from a year earlier...
Yen To Dollar – Daily Forex Chart 21st April 2009
Yesterday’s sharp falls in equity markets, precipitated in part by continuing worries about the banking sector and unfounded rumours about a dubious blog which claimed to have the results of the banks’ stress tests, forced many traders and investors into a variety of safe havens,...
Yen vs Dollar – Daily Forex Chart 20th April 2009
There is very little in the way of fundamental news on the economic calendar today for either the Japanese Yen or US Dollar other than earlier today, when BOJ Gov Masaaki Shirakawa reiterated his cautious stance for the Japanese economy and the broader financial markets. ...
Trading Currency – Yen To Dollar 17th April 2009
The dollar yen continues to grind away marginally below the 100 price point, and yesterday’s candle was almost identical to that of Wednesday, both of which had long lower wicks bouncing off the 40 day moving average, and suggesting a move higher in due course. ...
Currency Trading Dollar Yen – Daily Chart 16th April 2009
Yesterday’s candle which closed up on the day and with a long lower shadow, provided evidence that we could be about to see the long await break to the upside following its bounce off the 40 day moving average and failure to breach the support...
Dollar Yen – Daily Chart 15th April 2009
USD/JPY – FX Chart Daily Candle 15th April 2009 With the platform now in place for a move higher in the dollar yen pair, yesterday’s wide spread down bar which closed below both the 9 and 14 day moving averages came as a minor blip...
