{"id":21313,"date":"2011-05-25T07:31:18","date_gmt":"2011-05-25T11:31:18","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=14420"},"modified":"2011-05-25T07:31:18","modified_gmt":"2011-05-25T11:31:18","slug":"japanese-yen-fundamentals-and-technicals-part-ii-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/05\/25\/japanese-yen-fundamentals-and-technicals-part-ii-2\/","title":{"rendered":"Japanese Yen \u2013 Fundamentals and Technicals (Part II)"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/9.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/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><span id=\"more-14420\"><\/span>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\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/05\/USDJPY_Daily.JPG\" alt=\"USDJPY_Daily\" title=\"USDJPY_Daily\" width=\"629\" height=\"571\" class=\"alignnone size-full wp-image-14421\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p> The technicals for the USD\/JPY are beginning to signal a potential move higher, a move that is in-line with the fundamentals.<br \/>\nWeekly stochastics are rising, indicating longer term momentum is swinging to the upside. The daily chart\u2019s 14-RSI is also &#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-21313","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21313","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=21313"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21313\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=21313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=21313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=21313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}