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...
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Yen Dollar – Daily FX Chart USD/JPY 7th May 2009
With Japan now back from their Golden Week Holiday, yesterday provided some much needed price movement in the dollar yen pair which although indecisive, was nevertheless welcome. The daily candle closed above all three moving averages having first tested all three and bounced off the...
Dollar Yen – USD/JPY Currency Trading Daily Chart 6th May 2009
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...
Yen To Dollar – Daily Forex Chart 1st May 2009
Yesterday’s wide spread up bar which ploughed through all three moving averages now forces us to consider once again the feasibility of the dollar yen pair toying with the psychologically important 100 price point, but in all probability we are likely to see a period...
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 To Dollar – Daily Forex Chart 28th April 2009
Tough trading at the moment in the dollar yen but the bearish tone still prevails with all three moving averages pointing lower and yesterday’s narrow spread down bar making it four in a row. With the gap down at yesterday’s open one might have expected...
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...
