{"id":21305,"date":"2011-05-25T09:16:50","date_gmt":"2011-05-25T13:16:50","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=21305"},"modified":"2011-05-25T09:16:50","modified_gmt":"2011-05-25T13:16:50","slug":"japanese-yen-fundamentals-and-technicals-part-ii","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/05\/25\/japanese-yen-fundamentals-and-technicals-part-ii\/","title":{"rendered":"Japanese Yen \u2013 Fundamentals and Technicals (Part II)"},"content":{"rendered":"<p><strong>By Russell Glaser<\/strong><\/p>\n<p>The technicals for the USD\/JPY are beginning to signal a potential move higher, a move that is in-line with the fundamentals.<\/p>\n<p>Weekly stochastics are rising,  indicating longer term momentum is swinging to the upside. The daily  chart\u2019s 14-RSI is also moving steadily higher confirming the short term  bullish run. The USD\/JPY has already retraced 38% of the April to May  move lower and a rebound in the pair could continue further. The 50% and  61.8% retracement levels stand out as potential targets, coming in at  82.55 and 83.25 respectively. Before these retracement targets, near  term resistance comes in at 82.20 followed by 82.80.<\/p>\n<p>The rising trend line off of the May low should prove to be supportive with significant support at this week\u2019s low at 81.30.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/2011\/05\/25\/japanese-yen-fundamentals-and-technicals-part-i\/\">Click here<\/a> to read Part II, fundamental analysis of the Japanese yen.<\/p>\n<p>Read more forex trading news on our <a href=\"http:\/\/www.forexyard.com\/blog\/en\/\">forex blog<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" title=\"USDJPY_Daily\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/05\/USDJPY_Daily.JPG\" alt=\"USDJPY_Daily\" width=\"629\" height=\"571\" \/><\/p>\n<p><strong><em><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/em><\/strong><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><br \/>\n<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      may                                                 not                                            be                                                                                                                                                                    suitable                                                               for                                                                               all                                                                                                                                                                                                                                                        investors.                                                                                                                            There                                                                                                   is                              a                                                                                                                                                                                                                                                                                                                                                                                                              possibility                                                                                                                                                    that                                                                                                                                                                                              you                                                                                                                                  could                                                                                                                                                                                           sustain       a                                                                            loss                                                                                                                      of                                               all                                                                                  of                                                                                                      your                                                                                                                                                                                                                                                                                                                                                                                  investment                                        and                                                                                                                                                                                                                                                                                                             therefore                                                  you                                                                                                                                                                                                                                                should                                                                      not                                                                                                                                                                                  invest                                                                                                                                                                                       money                                                                          that                                                                                          you                                                                                                                                                                                                                                        cannot                                                                                                                                                                afford                                   to                                                                                                                                                                                             lose.                                                                    You                                                                                                                                                                                                                          should                                                                                      be                                                                                                              aware                                                                            of                                                                                                                                                               all                                                                                              the                                                                                                    risks                                                                                                                                                                                                                                                                                                                    associated                                                                                                                                with                                                                                                                                             Foreign                                                                                                                                                                                                                           Exchange                                                                                                                                                                                                                                               trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Weekly stochastics are rising, indicating longer term momentum is swinging to the upside. The daily chart\u2019s 14-RSI is also moving steadily higher confirming the short term bullish run. The USD\/JPY has already retraced 38% of the April to May move lower&#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-21305","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21305","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=21305"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21305\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=21305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=21305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=21305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}