{"id":8574,"date":"2010-04-14T15:26:52","date_gmt":"2010-04-14T19:26:52","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8574"},"modified":"2010-04-14T15:26:52","modified_gmt":"2010-04-14T19:26:52","slug":"usdjpy-fluctuates-around-93","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/14\/usdjpy-fluctuates-around-93\/","title":{"rendered":"USD\/JPY Fluctuates Around 93"},"content":{"rendered":"<p><strong>By Fast Brokers<\/strong> &#8211; The USD\/JPY is continuing its fluctuation around 93 despite today\u2019s key U.S. data set.\u00a0 The risk trade is rallying in wake of strong U.S. Retail Sales and weak CPI, yet the Yen is opting to appreciate against the Dollar.\u00a0 Weak pricing data and continuous cautionary comments from Fed members is likely leading investors to sell the USD\/JPY in anticipation of loose monetary policy from the U.S. central bank for some time.\u00a0 Meanwhile, although the BoJ has cited notable improvements in Japan\u2019s economy, the DPJ is still pressuring the BoJ to battle deflation and loosen in order to support exporters.\u00a0 Hence, the showdown between the central bank and the DPJ continues, keeping monetary policy in check.\u00a0 Although activity in the USD\/JPY has been pretty quiet this week, things could heat up tomorrow after China prints its key data set, including GDP, CPI, Industrial Production, etc.\u00a0 Considering how China is Japan\u2019s largest trading partner, Chinese economic data releases normally have the potential to impact the Yen.\u00a0 China\u2019s data will be followed by important U.S. manufacturing figures along with weekly Unemployment Claims.\u00a0 Hence, tomorrow\u2019s trading session could prove to be an active one.<\/p>\n<p>Technically speaking, the USD\/JPY faces technical barriers in the form of intraday, 4\/7, and 4\/2 highs.\u00a0 As for the downside, the USD\/JPY has multiple uptrend lines serving as technical cushions along with 4\/13, 3\/30, and 3\/25 lows.\u00a0 Additionally, the psychological 93 level could continue to serve as a psychological cushion for the near-term.<\/p>\n<p>Present Price: 93.29<br \/>\nResistances: 93.37, 93.47, 93.57, 93.71, 93.86, 94.04<br \/>\nSupports: 93.14, 93.04, 92.84, 92.70, 92.59, 92.40<br \/>\nPsychological: .94, .93, 2010 highs<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/April14Yen.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/April14Yen.png\" alt=\"\" width=\"595\" height=\"400\" \/><\/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 continuing its fluctuation around 93 despite today\u2019s key U.S. data set.\u00a0 The risk trade is rallying in wake of strong U.S. Retail Sales and weak CPI, yet the Yen is opting to appreciate against the Dollar.\u00a0 Weak pricing data and continuous cautionary comments from Fed members is likely &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/14\/usdjpy-fluctuates-around-93\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/JPY Fluctuates Around 93&#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-8574","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8574","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=8574"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8574\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}