{"id":2788,"date":"2009-07-02T10:54:46","date_gmt":"2009-07-02T15:54:46","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=2788"},"modified":"2009-07-02T10:54:46","modified_gmt":"2009-07-02T15:54:46","slug":"usdjpy-declines-with-pullback-in-us-equities","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/07\/02\/usdjpy-declines-with-pullback-in-us-equities\/","title":{"rendered":"USD\/JPY Declines with Pullback in U.S. Equities"},"content":{"rendered":"<p><strong>By Fast Brokers<\/strong> &#8211; The USD\/JPY\u2019s little rally is fading again as volume subsides.\u00a0 It seems the USD\/JPY is dribbling to a dead-halt directionally with four consecutive lower highs (4\/6, 5\/7, 6\/5, and now 7\/1) combined with two consecutive higher lows (5\/22, 6\/23).\u00a0 The currency pair remains stuck choosing between the two deteriorating economies of Japan and the U.S.\u00a0 While worse than expected Tankan data provides upward buoyancy on the USD\/JPY, negative unemployment data and falling U.S. equities create a downward pressure on price.\u00a0 Hence, we see a tight, constrictive trading range in the USD\/JPY.\u00a0 The currency pair is following the negative data out of the U.S. and EU today, dipping back towards our 2nd tier downtrend line.\u00a0 Meanwhile, investors should keep a close watch on the S&amp;P to see how the futures deal with the 875-900 range.\u00a0 If the S&amp;P\u2019s bottom-end supports don\u2019t hold and a new leg down forms, this movement may be enough to send the USD\/JPY falling towards our key 1st tier uptrend line.<\/p>\n<p>Present Price: 96.15<\/p>\n<p>Resistances: 96.33, 96.90, 97.45, 98.05, 98.66<\/p>\n<p>Supports: 95.73, 94.99, 94.45, 93.76, 93.32<\/p>\n<p>Psychological: 95, 100<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/7_2yen.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/7_2yen.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\u2019s little rally is fading again as volume subsides.\u00a0 It seems the USD\/JPY is dribbling to a dead-halt directionally with four consecutive lower highs (4\/6, 5\/7, 6\/5, and now 7\/1) combined with two consecutive higher lows (5\/22, 6\/23).\u00a0 The currency pair remains stuck choosing between the two deteriorating economies of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2009\/07\/02\/usdjpy-declines-with-pullback-in-us-equities\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/JPY Declines with Pullback in U.S. Equities&#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-2788","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/2788","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=2788"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/2788\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=2788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=2788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=2788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}