{"id":2408,"date":"2009-06-10T09:09:47","date_gmt":"2009-06-10T14:09:47","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=2408"},"modified":"2009-06-10T09:09:47","modified_gmt":"2009-06-10T14:09:47","slug":"usdjpy-rises-after-disappointing-core-machinery-orders-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/06\/10\/usdjpy-rises-after-disappointing-core-machinery-orders-data\/","title":{"rendered":"USD\/JPY Rises after Disappointing Core Machinery Orders Data"},"content":{"rendered":"<p><strong>By Fast Brokers<\/strong> &#8211; The USD\/JPY is rising back towards our 3rd tier downtrend line after the weaker than expected showing from Japan\u2019s Core Machinery Orders.\u00a0 Though the CMO is normally volatile, today\u2019s report was not the solid improvement in capital expenditure investors were hoping for.\u00a0 As a result, the Dollar is experiencing a little strength against the Yen.\u00a0 However, today\u2019s rise of the USD\/JPY is not eye-popping since our 3rd tier downtrend line and May highs are still intact with volume subsiding.\u00a0 Therefore, even though the USD\/JPY has made a few hints towards an uptrend, we still haven\u2019t witnessed a clarifying move to the upside.\u00a0 Meanwhile, investors are waiting upon the release of Japan\u2019s Final GDP later today.\u00a0 If the GDP data is weaker than expected, we may see some more strength in the Dollar due to the outperformance of America\u2019s economy as compared to Japan\u2019s.\u00a0 We maintain our negative outlook on the USD\/JPY trend-wise until we see a game-changing move to the upside.<\/p>\n<p>Fundamentally, we maintain our resistances of 97.98, 98.66, 99.49, 100.06, and 100.74.\u00a0 To the downside, we hold our supports of 97.45, 96.90, 96.33, 95.82, and 95.20.\u00a0 The 100 level serves as a key psychological barrier with 95 acting as a psychological cushion.\u00a0 The USD\/JPY is currently exchanging at 97.90.<\/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 rising back towards our 3rd tier downtrend line after the weaker than expected showing from Japan\u2019s Core Machinery Orders.\u00a0 Though the CMO is normally volatile, today\u2019s report was not the solid improvement in capital expenditure investors were hoping for.\u00a0 As a result, the Dollar is experiencing a little &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2009\/06\/10\/usdjpy-rises-after-disappointing-core-machinery-orders-data\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/JPY Rises after Disappointing Core Machinery Orders Data&#8221;<\/span><\/a><\/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-2408","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/2408","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=2408"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/2408\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=2408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=2408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=2408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}