{"id":7987,"date":"2010-03-26T08:24:51","date_gmt":"2010-03-26T12:24:51","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=7987"},"modified":"2010-03-26T08:24:51","modified_gmt":"2010-03-26T12:24:51","slug":"usdjpy-the-bullish-trend-is-heating-up","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/03\/26\/usdjpy-the-bullish-trend-is-heating-up\/","title":{"rendered":"USD\/JPY, The bullish trend is heating up"},"content":{"rendered":"<p><strong>By eToro<\/strong> \u2013 Japanese CPI figures published this morning continued to point on  subdued customer demand. Core CPI continued to fall for the 12 month in a  row, falling by -1.2% YoY in February and raising speculations that the  BoJ will be forced to extend its liquidity facilities .Investors\u2019  speculations over a BoJ stimulus which looms the Yen for several month  have intensified recently as investors bet the Government will place  pressure on the BoJ to act amid the upcoming upper house elections. Such  circling speculations were largely confirmed by the Japanese finance  minister who was quoted saying \u201cmore has to be done\u201d. Not so long ago  investors assumptions were that the US will suffer the same low growth  low inflation environment as Japan causing the Yen to dip the 85 level  and gain strongly against the Dollar. However with the US GDP rising by  5.9% YoY and the Fed action to end mortgage paper purchases and squeeze  excess liquidity out of the system, fundamentals for the USD\/JPY trade  are changing. It seems that with the Fed ending stimulus and BoJ the  about to give stimulus Yen traders are more than willing to price the 85  zone as a firm bottom for the USD\/JPY. Yesterday\u2019s daily close above  the 91.5 key resistance only confirmed the pair\u2019s journey to the 100 is  well in place.<\/p>\n<p><strong>USD.JPY, Daily Chart<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" title=\"138\" src=\"http:\/\/www.etoro.net\/wp-content\/uploads\/2010\/03\/138.png\" alt=\"138\" width=\"453\" height=\"290\" \/><\/p>\n<p><strong>Daily Forex Market Analysis provided by<a href=\"http:\/\/www.etoro.com\/A15748_TClick.aspx\" target=\"_blank\"> eToro<\/a><\/strong><\/p>\n<p>Disclaimer: Trading in the Foreign Exchange market might carry     potential rewards, but also potential risks. You must be aware of the     risks and are willing to accept them in order to trade in the foreign     exchange market. Don\u2019t trade with money you can\u2019t afford to lose.<\/p>\n<p><strong><a href=\"http:\/\/www.etoro.com\/A15748_TClick.aspx\" target=\"_blank\">\u00a9 2009 eToro Blog.<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By eToro \u2013 Japanese CPI figures published this morning continued to point on subdued customer demand. Core CPI continued to fall for the 12 month in a row, falling by -1.2% YoY in February and raising speculations that the BoJ will be forced to extend its liquidity facilities .Investors\u2019 speculations over a BoJ stimulus which &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/03\/26\/usdjpy-the-bullish-trend-is-heating-up\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/JPY, The bullish trend is heating up&#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-7987","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7987","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=7987"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7987\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=7987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=7987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=7987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}