{"id":110033,"date":"2017-07-31T07:49:14","date_gmt":"2017-07-31T11:49:14","guid":{"rendered":"http:\/\/countingpips.com\/?p=110033"},"modified":"2017-07-31T07:49:14","modified_gmt":"2017-07-31T11:49:14","slug":"japanese-yen-index-forex-technical-analysis-positive-economic-data-came-out-in-japan","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/07\/japanese-yen-index-forex-technical-analysis-positive-economic-data-came-out-in-japan\/","title":{"rendered":"Japanese Yen Index: Forex Technical Analysis &#8211; Positive economic data came out in Japan"},"content":{"rendered":"<div id=\"inves-160992827\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 31, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n<p><strong>Positive economic data came out in Japan<\/strong><\/p>\n<p>In this review, we suggest considering the personal composite instrument (PCI) &#8220;JPY vs. Currencies&#8221;. It reflects the price dynamics of the Japanese yen against other world currencies. Is there a possibility of <a href=\"https:\/\/www.ifcmarkets.com\/en\/ttrading-conditions\/personal-instrument-pci\/jpy-index\">JPY_Index prices<\/a> growth?<\/p>\n<p>The PCI increases in case of the Japanese yen strengthening against other major world currencies. On Friday morning, positive economic data came out in Japan. Household spending increased by 2.3% in June, which is the highest level since August 2015. This was contributed by an improvement in the availability of workplaces to the 43-year high and a decrease in unemployment to 2.8%. In fact, Japan shows the best situation in the labor market among developed countries. The core inflation in June was 0.4%. This is much lower than the Bank of Japan target level of 2%. The economic indicators allow the Japanese regulator to continue to pursue a loose monetary policy and stimulate economic development. Thanks to this the country\u2019s GDP has been growing for the 5th consecutive quarter. Most likely, economic growth will continue on the background of the bold increase in consumer spending, amounting to 60% of the Japanese GDP.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/www.ifcmarkets.com\/uploads\/images\/28-07-2017.png\" alt=\"JPY_Index\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe, <b>JPY_Index: D1<\/b> is within the narrow range after a significant drop. The price reversal is possible in case of the improvement of the Japanese economic indicators.<\/p>\n<ul class=\"emailSummary\">\n<li>The <b>Parabolic indicator <\/b> gives a bullish signal.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/bolinger-bands\">Bollinger bands <\/a> have widened, which means higher volatility. The lower band is tilted upwards.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi\">RSI indicator <\/a> is below 50. It has formed a positive divergence.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD indicator <\/a> gives a bullish signal.<\/li>\n<\/ul>\n<p>The bullish momentum may develop in case <b>JPY_Index<\/b> exceeds the two last fractal highs at 0.937. This level may serve as an entry point. The initial stop loss may be placed below the 15-month low, the last fractal low and the Parabolic signal at 0.924. After opening the pending order, we shall move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we are changing the potential profit\/loss to the breakeven point. More risk-averse traders may switch to the 4-hour chart after the trade and place there a stop loss moving it in the direction of the trade. If the price meets the stop level at 0.924 without reaching the order at 0.937 we recommend cancelling the position: the market sustains internal changes that were not taken into account.<\/p><div id=\"inves-1739899953\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Summary of technical analysis<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">above 0,937<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">below 0,924<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Positive economic data came out in Japan In this review, we suggest considering the personal composite instrument (PCI) &#8220;JPY vs. Currencies&#8221;. It reflects the price dynamics of the Japanese yen against other world currencies. Is there a possibility of JPY_Index prices growth? The PCI increases in case of the Japanese yen strengthening against [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-110033","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=110033"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110033\/revisions"}],"predecessor-version":[{"id":110046,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110033\/revisions\/110046"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=110033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=110033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=110033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}