During the past week Japanese yen has once again played the role of a refuge currency, while weak US data created negative effect on USD.
USD/JPY breached support in the 117.90 area and entered the daily Ichimoku Cloud. The key support is at 115.55 (38.2% Fibo of the Oct. to Dec. advance and Dec. 16 low). If the pair fixes below this level, we’ll get a double top, and the greenback will slide towards 113.50 and 111.50. If the US currency manages t...o stay above 115.50, it will get a chance to rise to the descending triangle’s top in the 120.00 area, but this resistance will be very hard to break.
All in all, the
situation for the pair looks more negative, and we expect that the pair
is on its way down. The Bank of Japan will meet on Wednesday, and it’s
likely to revise down its inflation forecasts. We don’t think that the
central bank will increase quantitative easing in the near future
because Japanese yields are already very low which decreases the
nation’s appeal to investors. At the same time, the BOJ may extend the
so-called ‘qualitative’ easing proving banks with cheap loans, but this
won’t hurt yen much. If American yields remain under pressure, dollar’s
room for growth will be limited. USD/JPY will be also affected by the
decline in EUR/JPY. Next week there will be little news from the United
States, so USD/JPY will be influenced mainly by the market’s risk
sentiment.
catatan untuk senin :
perkiraan pergerakan USD/JPY akan dibuka 117.90 posisisi SELL 115.55 dan bahkan bisa mengalami pergeranan turun yang sangat drastis 113.5 bisa juga di perkirakan turun ke posisi level 111.50. efek dari (38.2% Fibo of the Oct. to Dec. advance and Dec. 16 low)
jika terjadi kenaikan tidak melebihi kisaran 120.00
perkiraan CHF cap versus EUR.
Jan. 16: MARKET OVERVIEW
FXBAZOOKA.com - The main topic at the Forex market remains yesterday’s decision of the Swiss National Bank to abandon CHF cap versus EUR.
Asian shares dropped with US index futures, while Japanese and Australian government bond yields plunged to records as investors sought haven assets.
...
http://www.youtube.com/watch?v=1LrNhg7GOK4
salam,
by. DEDY APRIANSYAH KESUMA
catatan untuk senin :
perkiraan pergerakan USD/JPY akan dibuka 117.90 posisisi SELL 115.55 dan bahkan bisa mengalami pergeranan turun yang sangat drastis 113.5 bisa juga di perkirakan turun ke posisi level 111.50. efek dari (38.2% Fibo of the Oct. to Dec. advance and Dec. 16 low)
jika terjadi kenaikan tidak melebihi kisaran 120.00
perkiraan CHF cap versus EUR.
Jan. 16: MARKET OVERVIEW
FXBAZOOKA.com - The main topic at the Forex market remains yesterday’s decision of the Swiss National Bank to abandon CHF cap versus EUR.
Asian shares dropped with US index futures, while Japanese and Australian government bond yields plunged to records as investors sought haven assets.
...
EUR/CHF is trading in the 1.02 area, down from 1.20 and after it hit
0.87 yesterday. USD/CHF is in the 0.8770 zone, up from the lows below
0.7300, but still about significantly below the levels around 1.02 at
which it started the week.
EUR/USD is trading in the 1.1640 area after hitting 11-year low in the 1.1570 area yesterday. Traders think that the SNB was almost certain the European Central Bank would launch large-scale bond buying next week. USD/JPY tested 115.85, the lowest level since the middle of Dec.
EUR/USD is trading in the 1.1640 area after hitting 11-year low in the 1.1570 area yesterday. Traders think that the SNB was almost certain the European Central Bank would launch large-scale bond buying next week. USD/JPY tested 115.85, the lowest level since the middle of Dec.
http://www.fxbazooka.com/en FX BAZOOKA is your trading weapon!
salam,
by. DEDY APRIANSYAH KESUMA
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