Japanese Yen insight USDJPY for November 15, 2017

Japanese Yen insight USDJPY for November 15, 2017

Japanese Yen insight USDJPY for November 15, 2017

  • the US Dollar is trading at 113.73 against the Yen, 0.11% higher

  • Japan’s preliminary 3Q GDP data, set to release overnight.

  • Earlier, a weak signal was received to sell the Dollar/Yen

USDJPY -0.23% on the daily time frame seems to have entered a new downtrend. You can see that the lower range of the previous uptrend has been broken and its now forming waves of the new downtrend. 

CURRENCY TRADERS The Japanese Yen insight Currency pair USD/JPY US Dollar to Japanese Yen is trading at 113.55. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Yen pair. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 113.75, from which it is expected to attempt a rebound and continue the development of the downward trend with the target of falling near the level of 112.55.

Earlier, a weak signal was received for the sell of the Dollar/Yen pair, due to the crossing of signal lines at 114.15. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 114.20, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/JPY quotes is at the breakdown of level 112.90.

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USDJPY New Downtrend by JoshFX1 on TradingView.com

 

This morning, at 10:40 GMT, the US Dollar is trading at 113.73 against the Yen, 0.11% higher from the New York close. Looking ahead, traders would closely monitor Japan’s preliminary 3Q GDP data, set to release overnight. During the session, the pair traded at a high of 113.91 and a low of 113.56. Yesterday, the US Dollar traded 0.26% higher against the Yen in the New York session and ended at 113.60. The pair is expected to its find support at 113.35 and its first resistance at 114.01.

DatePriceOpenHighLowChange %
Nov 12, 2017113.70113.50113.70113.490.15
Nov 10, 2017113.53113.47113.64113.200.05
Nov 09, 2017113.47113.86114.08113.09-0.36
Nov 08, 2017113.88114.00114.05113.39-0.12
Nov 07, 2017114.02113.70114.34113.690.28
Nov 06, 2017113.70114.00114.74113.70-0.33
Nov 03, 2017114.08114.08114.44113.66-0.01
Nov 02, 2017114.09114.17114.22113.53-0.07
Nov 01, 2017114.17113.64114.30113.610.47
Oct 31, 2017113.64113.17113.73112.970.40
Oct 30, 2017113.19113.73113.84113.03-0.44
Oct 27, 2017113.69113.98114.45113.64-0.25
Oct 26, 2017113.98113.75114.08113.340.20
Oct 25, 2017113.75113.92114.25113.48-0.13
Oct 24, 2017113.90113.43114.01113.250.41
Oct 23, 2017113.44113.69114.11113.25-0.07
Oct 20, 2017113.52112.53113.58112.520.86
Oct 19, 2017112.55112.94113.16112.31-0.35
Oct 18, 2017112.94112.20113.06112.140.66
Oct 17, 2017112.20112.19112.48112.030.01
Oct 16, 2017112.19111.85112.29111.650.30
Oct 13, 2017111.86112.28112.33111.69-0.37
Highest:114.74Lowest:111.65Difference:3.09Average:113.43Change %:1.26

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A few currencies, like cryptocurrencies, Bitcoin, Dogecoin and other online currencies and branded currencies are not tied to any usa. Branded currencies, like airline and credit card points, or in-recreation credit are valued on the subject of the price of the products or offerings they’re tied to. Manipulate over virtual currencies is totally decentralized, and the exchange price of a virtual foreign money can vary extensively in a quick time frame.

Nearby currencies are currencies intended for exchange over a small location and aren’t nationally subsidized. There are a wide variety of nearby currencies in the u.S.A., which itself has records of nearby currencies earlier than the status quo of the kingdom and countrywide banks. Other instances in which neighborhood currencies had been used include a kind of quasi-local forex within the form of neighborhood authorities ious which have been used as foreign money.

In almost all instances, the valuable financial institution of a rustic has the only right to problem cash for the stream. Along with a prime unit of foreign money, those banks problem fractional gadgets, usually inside the shape of cash. These normally display up as 1/100th, and 1/4th, but can at instances be as small as 1/one thousandth of the main unit of foreign money.

Investors regularly change forex at the forex marketplace, that’s one of the maximum closely traded markets in the global. An trade price is a charge at which two currencies may be exchanged in opposition to every other. These quotes may be ‘floating’ or ‘constant’; floating being that the fee of the currency changes in terms of foreign exchange marketplace mechanisms, constant currency is presently tied to another forex like gold or a currency basket.


 

 


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