{"id":8699,"date":"2010-04-20T12:44:23","date_gmt":"2010-04-20T16:44:23","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8699"},"modified":"2010-04-20T12:44:23","modified_gmt":"2010-04-20T16:44:23","slug":"usdjpy-pops-as-dollar-rallies","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/20\/usdjpy-pops-as-dollar-rallies\/","title":{"rendered":"USD\/JPY Pops as Dollar Rallies"},"content":{"rendered":"<p><strong>By Fast Brokers<\/strong> &#8211; The USD\/JPY is popping today, piecing together an impressive recovery from yesterday\u2019s lows as investors pick up the Dollar across the board.\u00a0 During the Asia trading session news spread that the SEC was nearly split, voting 3-2 to file charges against Goldman.\u00a0 This eased fears that the SEC is out for blood, a positive for the Dollar and the risk trade as a whole.\u00a0 Additionally, the S&amp;P futures are rallying this morning after Goldman earnings blew past analyst estimates, also a positive for the risk trade.\u00a0 As a result, the Yen is losing some of its luster and investors have brought the USD\/JPY back to 93.\u00a0 However, Friday\u2019s selloff was considerable, so investors should keep in mind that a downward momentum does remain.\u00a0 That being said, investors should keep an eye on the news wire for any negative psychological news, particularly anything disconcerting from the EU regarding Greece.\u00a0 Meanwhile, the U.S. earnings season is just getting heated up, meaning corporate earnings could have a substantial broad-based impact on the Dollar over the near-term.<\/p>\n<p>Technically speaking, the USD\/JPY faces technical barriers in the form multiple downtrend lines along with intraday, 4\/14, and 4\/7 highs.\u00a0 As for the downside, the USD\/JPY has multiple uptrend lines serving as technical cushions along with intraday, 3\/29, and 4\/19 lows.\u00a0 Additionally, the psychological 92 level could continue to serve as a psychological cushion should it be tested.<\/p>\n<p>Present Price: 92.98<br \/>\nResistances: 93.03, 93.18, 93.38, 93.51, 93.64, 93.75<br \/>\nSupports: 92.81, 92.71, 92.57, 92.47, 92.37, 92.25<br \/>\nPsychological: .92, .93, April highs and lows<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/April20Yen.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/April20Yen.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 popping today, piecing together an impressive recovery from yesterday\u2019s lows as investors pick up the Dollar across the board.\u00a0 During the Asia trading session news spread that the SEC was nearly split, voting 3-2 to file charges against Goldman.\u00a0 This eased fears that the SEC is out for &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/20\/usdjpy-pops-as-dollar-rallies\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/JPY Pops as Dollar Rallies&#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-8699","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8699","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=8699"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8699\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}