USDJPY Completes Wave-4 and Prepares for Wave-5 Breakout
BUZ INVESTORS USDJPY Completes Wave-4 This morning, at 09:40 GMT, the US Dollar is trading at 111.78 against the Yen, 0.3% higher from the New York close. Overnight data indicated that Japan’s final Nikkei manufacturing PMI advanced slightly less than initially estimated in April. During the session, the pair traded at a high of 111.91 and a low of 111.21. On Friday, the US Dollar traded 0.11% lower against the Yen in the New York session and ended at 111.45. The pair is expected to its find support at 111.36 and its first resistance at 112.06.
USDJPY Completes Wave-4
Japanese Yen| Data | Chart | Calendar | Forecast | News
The USDJPY increased 0.2100 or 0.19% to 111.4800 on Monday May 1 from 111.2700 in the previous trading session. Historically, the Japanese Yen reached an all time high of 306.84 in December of 1975 and a record low of 75.74 in October of 2011.
The USD/JPY is building a potential wave 4 (brown) correction which is moving sideways and staying above the 23.6% Fibonacci retracement level. A bullish break could see a continuation of a bullish 5th wave
The USD/JPY is building a contracting triangle (red/green) chart pattern. A break below the support trend line (green) could see a larger retracement unfold towards the Fib levels of wave 4 (brown) whereas a break above resistance (red) could see a bullish breakout develop within wave 5.
|Government Bond 10Y||0.01||0.02||7.59||-0.29||percent||[+]|
|30 Year Bond Yield||0.78||0.80||3.13||0.04||percent||[+]|
|2 Year Note Yield||-0.18||-0.19||0.25||-0.36||percent||[+]|
|5 Year Note Yield||-0.16||-0.14||8.58||-0.37||percent||[+]|
Chart | Calendar | TRADE NOW | USDJPY USDJPY Weekly outlook for may 1-5 BUZ INVESTORS USDJPY WEEKLY OUTLOOK USDJPY Recent Moves The yen reversed directions last week and posted slight losses.
USDJPY Yen Remaining Under Pressure USDJPY BUZ INVESTORS Yen Remaining Under Pressure This morning, at 09:40 GMT, the US Dollar is trading at 111.45 against the Yen, 0.19% higher from the New York close.
USDJPY Yen Flat as BoJ Shows Cautious Optimism USDJPY BUZ INVESTORS USDJPY Yen Flat This morning, at 09:40 GMT, the US Dollar is trading at 111.29 against the Yen, 0.17% higher from the New York close.
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