"Daily momentum is flat while RSI rose slightly. Consolidation likely in the interim. Support at 151.50 (38.2% fibo retracement of Sep low to Jan high), 150 levels. Resistance at 152.70 (200 DMA), 153 ...

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USD/JPY: Tentative buildup in downward momentum – UOB Group

Price movements are likely part of a 151.40/152.50 range trading phase. In the longer run, there has been a tentative buildup in downward momentum; USD must break and remain below 151.00 before ...

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Japanese Yen Forecast: USD/JPY on the Verge of a Potential Breakdown

It’s been a quiet (holiday-delayed) start to the week for US traders, with major indices relatively flat and major currencies mostly marking time against one another. For many traders, the focus is on ...

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EUR/USD, USD/JPY and AUD/USD Forecast – US Dollar Continues to Be Mixed

The US dollar continues to see a mixed bag of support at this point, but we are still seeing a lot of questions asked about the Federal Reserve trajectory.

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USD/JPY bears eye break of 151 as GDP bolsters hawkish-BOJ bets

It was the first Monday in three weeks to not kick-start the week with a bang. The US public holiday to celebrate President’s Day kept volatility relatively suppressed, compared to the flurry of ...

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