USDJPY: Look for bullish breakout beyond 109.00
The US dollar will be very quiet during the training session on Tuesday against the Japanese and, as we await the Federal Reserve FOMC meeting announcement on Wednesday.
For the eight trading sessions in a row, USD/JPY stabilized between the 108.24 support and the 108.93 resistance, as shown
The US dollar has gone back and forth during the training session on Friday, as we continue to dance around the 200-day EMA.
The US dollar went back and forth during the trading session on Thursday, as we continue to grind just below the 200-day EMA against the Japanese yen.
USD/JPY rebounded to 108.68 resistance as investors continued to take risks and abandon safe havens amid optimism over the course of trade talks between the United States and China and the possibility of avoiding a chaotic exit from Britain from the European Union.
The US dollar initially fell during the trading session on Wednesday but found enough support near the ¥108.25 level to turn things around and form a bit of a hammer.
The US dollar did very little during the trading session on Tuesday, as we continue to bounce around in the same very tight range against the Japanese yen.
The US dollar is slightly positive during the trading session on Monday, but it looks lackluster against the Japanese Yen to say the least.
The US dollar fell a little bit during the trading session on Friday, which quite frankly is a big surprise considering that it was testing the 200 day EMA against the Japanese yen.
The US dollar went back and forth during the trading session on Thursday as we continue to dance around the 200 day EMA.
The US dollar initially fell during the trading session on Wednesday but found enough support at the 200 day EMA to turn around and show signs of life again.
The US dollar has initially pulled back a bit during the trading session on Tuesday, reaching towards the bottom part of the hammer from the previous session before rallying again.
The US dollar is likely to find pressures going higher, as the 200 day EMA is sitting at the ¥108.60 level.
The US dollar has initially fallen during the trading session on Thursday as it was suggested on Twitter that the Chinese were going to be leaving the trade talks a day early.