{"id":3126,"date":"2009-07-29T11:20:31","date_gmt":"2009-07-29T16:20:31","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=3126"},"modified":"2009-07-29T11:20:31","modified_gmt":"2009-07-29T16:20:31","slug":"usdjpy-climbs-to-the-psychological-95-level","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/07\/29\/usdjpy-climbs-to-the-psychological-95-level\/","title":{"rendered":"USD\/JPY Climbs to the Psychological 95 Level"},"content":{"rendered":"

By Fast Brokers<\/strong> – The USD\/JPY has battled back above our 1st tier uptrend line, and is trading just below our 2nd tier downtrend line as the trend lines approach their inflection point.\u00a0 The USD\/JPY\u2019s rise is impressive considering the large declines taking place in gold and the EUR\/USD.\u00a0 Investors are paying more attention to the worse than expected retail sales from Japan late Tuesday coupled with relative stability in the S&P futures.\u00a0 The contrast of a weak Japanese economy with a comparatively stable American economy is leading investors to favor the Dollar over the Yen.\u00a0 Meanwhile, the inflection point of our trend lines could signal a large movement approaching.\u00a0 The USD\/JPY has been bobbling between our 1st tier uptrend and 2nd tier downtrend lines for a few days now, indicating they have importance for the immediate-term.<\/p>\n

Japan will release its monthly industrial production number later today.\u00a0 Analysts are anticipated a sizable decline from the previous release.\u00a0 However, should industrial production come in weaker than expected and the S&P futures experience profit taking, the USD\/JPY could decide to head south again.\u00a0 On the other hand, if tonight\u2019s release is worse than expected and the S&P futures continue to consolidate, the USD\/JPY could experience more near-term strength since investors would likely favor the Dollar over the Yen again.\u00a0 Meanwhile, investors should keep a watch on volume considering an inflection point is occurring.<\/p>\n

Present Price: 94.94<\/p>\n

Resistances: 94.99, 95.73, 96.33, 96.77, 97.20<\/p>\n

Supports:\u00a0 94.49, 93.82, 93.28, 92.90, 92.39<\/p>\n

Psychological: 95<\/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 battled back above our 1st tier uptrend line, and is trading just below our 2nd tier downtrend line as the trend lines approach their inflection point.\u00a0 The USD\/JPY\u2019s rise is impressive considering the large declines taking place in gold and the EUR\/USD.\u00a0 Investors are paying more attention to … <\/p>\n

Continue reading “USD\/JPY Climbs to the Psychological 95 Level”<\/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-3126","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/3126","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=3126"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/3126\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=3126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=3126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=3126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}