{"id":7737,"date":"2010-03-19T12:59:13","date_gmt":"2010-03-19T16:59:13","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=7737"},"modified":"2010-03-19T12:59:13","modified_gmt":"2010-03-19T16:59:13","slug":"usdjpy-glides-higher-despite-fx-volatility","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/03\/19\/usdjpy-glides-higher-despite-fx-volatility\/","title":{"rendered":"USD\/JPY Glides Higher Despite FX Volatility"},"content":{"rendered":"<p><strong>By Fast Brokers<\/strong> &#8211; The USD\/JPY is creeping higher today despite rampant volatility today in the FX markets.\u00a0 Both the EUR\/USD and Cable are undergoing hefty selloffs as uncertainty in the EU unravels the risk trade and sends investors toward the Dollar for safety.\u00a0 Additionally, the Reserve Bank of India surprised markets by hiking its interest rates by 25 basis points, exacerbating risk-averse flows.\u00a0 These two developments have had a significant impact on the markets today due to the lack of data releases from around the globe.\u00a0 However, the USD\/JPY has only benefitted slightly from the Dollar flows so far today.\u00a0 Comparative inactivity in the USD\/JPY is a bit puzzling since the Fed\u2019s monetary stance has become increasingly tighter as compared to the BoJ\u2019s.\u00a0 Therefore, it will be interesting to see whether the USD\/JPY opts to participate as the trading session wears on.\u00a0 A possible reason for the USD\/JPY\u2019s calm behavior could be the reluctance of investors to send the currency pair beyond the realms of its highly psychological 90 area.\u00a0 Although the data wire has been quiet today, data streams will pick up next week with key UK and U.S. data on top Monday, followed by Japan\u2019s Trade Balance figure on Tuesday.<\/p>\n<p>Technically speaking, the USD\/JPY faces multiple downtrend lines along with intraday, 3\/18, and 3\/12 highs.\u00a0 Meanwhile, the highly psychological 90 area could continue to have an influence over the USD\/JPY\u2019s movements for the near-term.\u00a0 As for the downside, the USD\/JPY has multiple uptrend lines serving as technical cushions along with intraday and 3\/18 lows.<\/p>\n<p>Present Price: 90.59<br \/>\nResistances: 90.63, 90.69, 90.75, 90.79, 90.83, 90.93<br \/>\nSupports: 90.55, 90.49, 90.42, 90.34, 90.27, 90.21<br \/>\nPsychological: 90, March highs and lows<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/march19yen.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/march19yen.gif\" alt=\"\" width=\"595\" height=\"611\" \/><\/a><\/p>\n<p>(click chart to enlarge)<\/p>\n<p><em><strong>Market Commentary<\/strong><\/em> provided by <a href=\"http:\/\/www.fastbrokers.com\/index.php?CP001\" target=\"_blank\"><strong>Fast      Brokers<\/strong>.<\/a><\/p>\n<p><strong>Disclaimer:<\/strong> FastBrokers\u2019 market commentary is      provided for information purposes only and under no circumstances should      be regarded neither 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 creeping higher today despite rampant volatility today in the FX markets.\u00a0 Both the EUR\/USD and Cable are undergoing hefty selloffs as uncertainty in the EU unravels the risk trade and sends investors toward the Dollar for safety.\u00a0 Additionally, the Reserve Bank of India surprised markets by hiking its &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/03\/19\/usdjpy-glides-higher-despite-fx-volatility\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/JPY Glides Higher Despite FX Volatility&#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-7737","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7737","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=7737"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7737\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=7737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=7737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=7737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}