USDJPY Forex Exchange Lower Midday Tuesday August 8

Japanese Yen | Data | Chart | Calendar | Forecast | News

CURRENCY TRADERS 

USDJPY Forex Exchange Lower Midday  USDJPY decreased 0.3250 or 0.29% to 110.4050 on Tuesday August 8 from 110.7300 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

USD/JPY was rejected by 4 hour 55 EMA and continues to weaken today. But at this point, it’s still staying above 109.83 temporary low. Intraday bias remains neutral for the moment. The consolidation from 109.83 might extend and another rise cannot be ruled out. But after all, near term outlook stays bearish as long as 112.18 resistance holds and deeper fall is expected. Break of 109.83 will target 108.81 support first. Break there will resume whole correction from 118.65 and target 61.8% retracement of 98.97 to 118.65 at 106.48. Nonetheless, break of 112.18 resistance will dampen our bearish view and turn focus back to 114.49 resistance instead.



USDJPY Forex Exchange Lower Midday

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In the bigger picture, the corrective structure of the fall from 118.65 suggests that rise from 98.97 is not completed yet. Break of 118.65 will target a test on 125.85 high. At this point, it’s uncertain whether rise from 98.97 is resuming the long term up trend from 75.56, or it’s a leg in the consolidation from 125.85. Hence, we’ll be cautious on topping as it approaches 125.85. If fall from 118.65 extends lower, down side should be contained by 61.8% retracement of 98.97 to 118.65 at 106.48 and bring rebound.

Japanese Yen

The USDJPY spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the JPY. While the USDJPY spot exchange rate is quoted and exchanged in the same day, the USDJPY forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Japanese Yen – actual values, historical data, forecast, chart, statistics, economic calendar and news. Japanese Yen – actual data, historical chart and calendar of releases – was last updated on August of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
110.41 110.76 306.84 75.74 1972 – 2017 Daily

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Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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