{"id":1489,"date":"2009-04-21T09:50:56","date_gmt":"2009-04-21T14:50:56","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=1489"},"modified":"2009-04-21T09:50:56","modified_gmt":"2009-04-21T14:50:56","slug":"usdjpy-daily-commentary-or-42109","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/04\/21\/usdjpy-daily-commentary-or-42109\/","title":{"rendered":"USD\/JPY Daily Commentary or 4.21.09"},"content":{"rendered":"

By Fast Brokers<\/span><\/p>\n

The USD\/JPY has slid below our 1st tier uptrend line as 100 slowly fades into the distance.\u00a0 The USD\/JPY will need to rebound soon if it wants to hold onto the uptrend, or the currency pair may bow to its deadly downtrend due to its complacency.\u00a0 A decisive move could come in the next 24 hours with Japan releasing its Trade Balance amid a sea of earnings from U.S. corporations.\u00a0 The long-awaited battle with 100 has surely been drawn out, and we wouldn\u2019t be surprised to see volatility spring to life any day now.\u00a0 That being said, the uptrend is holding on by a thread, reflecting the fragility of the moment.\u00a0 The USD\/JPY should ultimately succumb to its positive correlation with U.S. equities.\u00a0 Investors may return to the Yen as a safe haven if a second wave of the economic crisis hits the shores of America.\u00a0 The fundamentals of the S&P futures aren\u2019t encouraging as far its uptrend is concerned, meaning that a return to the downtrend for the USD\/JPY could be imminent.\u00a0 Fundamentally, we hold our resistances of 99.06, 99.79, 100.28, 100.71, and 101.44.\u00a0 To the downside, we maintain our supports of 98.16, 97.59, 97.11, 96.33, and 95.55.\u00a0 The USD\/JPY is currently exchanging at 98.10.<\/p>\n

\"\"<\/a><\/p>\n

Market Commentary<\/strong><\/em> provided by Fast Brokers<\/strong><\/span><\/a>.<\/p>\n

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

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":"

By Fast Brokers – The USD\/JPY has slid below our 1st tier uptrend line as 100 slowly fades into the distance. The USD\/JPY will need to rebound soon…<\/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-1489","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/1489","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=1489"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/1489\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=1489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=1489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=1489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}