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...
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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 Forex Chart 23rd April 2009
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...
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,...
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...
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,...
Trading Currencies – Yen To Dollar Daily Chart 7th April 2009
Yesterday’s candle has provided a contrarian signal to the bullish breakout that we saw confirmed in the last few days ending the day as a gapped up shooting star, clearly not the bullish signal one would have expected, and giving us a clear warning that...
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 Dollar – Daily Chart 3rd April 2009
Just a short post on the yen to dollar pair as the market waits for the NFP data and ISM data due out shortly. The bullish signal engulfing signal of yesterday would, on any other day, be sufficient to recommend a buy into the market...
