{"id":1323,"date":"2009-04-09T10:34:10","date_gmt":"2009-04-09T15:34:10","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=1323"},"modified":"2009-04-09T10:34:10","modified_gmt":"2009-04-09T15:34:10","slug":"usdjpy-daily-commentary-for-4909","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/04\/09\/usdjpy-daily-commentary-for-4909\/","title":{"rendered":"USD\/JPY Daily Commentary for 4.9.09"},"content":{"rendered":"<p><span style=\"color: #888888;\">By Fast Brokers<\/span><\/p>\n<p>The USD\/JPY is still stuck around 100 as the highly-psychological level is proving to be as difficult to overcome as investors could have anticipated.\u00a0 Core Machinery Orders came in far above analyst expectations today, showing capital expenditure is improving in Japan due to dwindling inventories.\u00a0 Core Machinery Orders are forward looking, so the positive release gives investors hope that the Japanese economy could be finding a bottom.\u00a0 Aso is expected to announce a $150+ Billion stimulus package by the end of the week aimed at reviving the downtrodden economy.\u00a0 These two developments are giving some strength to the Yen, delaying a possible breakout in the USD\/JPY.\u00a0 However, better than expected Trade Balance and Unemployment Claims releases from the U.S. today could help the cause for the bulls.\u00a0 We expect the consolidation around 100 to continue until investors commit to a direction.\u00a0 The currency pair is holding our tight uptrend line as our downtrend lines approach.\u00a0 If the USD\/JPY can brave through our next 3 downtrend lines, we could see some large near-term gains.\u00a0\u00a0\u00a0 Fundamentally, our 100.28 support turns resistance while we maintain our resistances of 100.71, 101.44, 101.98, and 102.50.\u00a0 To the downside, we hold our supports of 99.79, 99.06, 98.16, and 97.59 with fresh bottom-end resting at 97.11.\u00a0 The USD\/JPY is currently exchanging at 100.08.<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/4_9yen.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/4_9yen.gif\" alt=\"\" width=\"595\" height=\"500\" \/><\/a><\/p>\n<p>Market Commentary provided by <a href=\"http:\/\/www.fastbrokers.com\/index.php?PL080\" target=\"_blank\"><span style=\"text-decoration: underline;\"><strong>Fast Brokers<\/strong><\/span><\/a>.<\/p>\n<p><strong>Disclaimer:<\/strong> FastBrokers\u2019 market commentary is provided for information purposes only and under no circumstances should be regardedneither as an investment advice nor as a solicitation or an offer to sell\/buy any financial product. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained.<\/p>\n<p><strong>Risk Disclosure:<\/strong> There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Fast Brokers &#8211; The USD\/JPY is still stuck around 100 as the highly-psychological level is proving to be as difficult to overcome as investors&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1323","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/1323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=1323"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/1323\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=1323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=1323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=1323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}