{"id":1364,"date":"2009-04-14T10:05:48","date_gmt":"2009-04-14T15:05:48","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=1364"},"modified":"2009-04-14T10:05:48","modified_gmt":"2009-04-14T15:05:48","slug":"usdjpy-daily-commentary-for-41409","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/04\/14\/usdjpy-daily-commentary-for-41409\/","title":{"rendered":"USD\/JPY Daily Commentary for 4.14.09"},"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 The surprisingly positive Core Machinery Orders coupled with Aso\u2019s aggressive stimulus package is countering the recent strength in America\u2019s economy.\u00a0 Therefore, the USD\/JPY finds itself at an important crossroads as our uptrend line reaches an inflection point with our 3rd tier downtrend line.\u00a0 The importance of the moment is difficult to express since all of this year\u2019s progress made by the USD\/JPY to tackle 100 is reaching a climactic point.\u00a0 Will the uptrend prevail or fall under the sword of the monstrous downtrend?\u00a0 The continuation of the uptrend largely depends on a recovery in the U.S. economy since the carry trade is unwound.\u00a0 Investors will be taking a close look at corporate earnings from the U.S. while anxiously awaiting to see if the recent improvement in economic data continues.\u00a0 Fundamentally, we maintain our resistances of 100.28, 100.71, 101.44, 101.98, and 102.50.\u00a0 To the downside, we hold our supports of 99.79, 99.06, 98.16, 97.59, and 97.11.\u00a0 The USD\/JPY is currently exchanging at 99.79.<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/4_14yen.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/4_14yen.gif\" alt=\"\" width=\"595\" height=\"500\" \/><\/a><\/p>\n<p><em><strong>Market Commentary<\/strong><\/em> 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 could have anticipated&#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-1364","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/1364","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=1364"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/1364\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=1364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=1364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=1364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}