There is little more I can add to any of my previous market commentaries regarding the yen to dollar, which I haven’t said before! ( but I will try!!). Sadly for us as currency traders, Ben Bernanke’s circus failed to deliver the high wire act...
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Dollar vs Yen – USD/JPY Yen To Dollar Chart 22nd July 2009
The bearish ‘shooting star’ candle that we saw on Monday, duly delivered in yesterday’s trading session with the yen to dollar currency pair ending the trading session with a wide spread down bar, as the two safe haven currencies continue to slug it out in...
Dollar vs Yen – Daily Chart USD/JPY 21st July 2009
The yen to dollar currency pair continues to flirt with the strong resistance level above, with yesterday’s candle probing this area before closing with a deep upper shadow and small body, in a shooting star candle, which now looks weak, and suggesting a possible reversal...
Yen To Dollar – Daily Candle Chart USD/JPY 20th July 2009
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...
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...
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 – 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...
