{"id":8726,"date":"2010-04-21T13:55:47","date_gmt":"2010-04-21T17:55:47","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8726"},"modified":"2010-04-21T13:55:47","modified_gmt":"2010-04-21T17:55:47","slug":"usdjpy-flatlines-around-93","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/21\/usdjpy-flatlines-around-93\/","title":{"rendered":"USD\/JPY Flatlines Around 93"},"content":{"rendered":"<p><strong>By Fast Brokers <\/strong>&#8211; The USD\/JPY is holding steady around its psychological 93 level, falling into another one of its tight range bound periods.\u00a0 News wires have cooled a bit today and the data wire is relatively quiet.\u00a0 This gives the USD\/JPY room to breathe as it debates between trends.\u00a0 While the uptrend is clearly in place, there remain downtrend forces stemming from long-term patterns.\u00a0 Hence, it will be interesting to see which way the USD\/JPY breaks next.\u00a0 The currency pair seems tied to the risk trade right now barring any surprise moves from the BoJ.\u00a0 That being said, investors should keep a close eye on the dollar\u2019s reaction to upcoming economic data releases along with surprise psychological events.\u00a0 The EU, UK, and U.S. will all be active tomorrow, highlighted by UK retail sales and U.S. existing home sales.\u00a0 Japan will print its trade balance data during tomorrow\u2019s Asia trading session as well.\u00a0 Investors are expecting Japan\u2019s trade surplus to rise to 0.66 trillion yen.\u00a0 Considering the BoJ has expressed enthusiasm in Japan\u2019s manufacturing sector, it wouldn\u2019t be surprising to see a sizable surplus fueled by demand from China.<\/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: 93.27<br \/>\nResistances: 93.38, 93.51, 93.64, 93.75, 93.94, 94.06<br \/>\nSupports: 93.13, 93.03, 92.91, 92.81, 92.71, 92.57<br \/>\nPsychological: .92, .93, April highs and lows<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/April21Yen.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/April21Yen.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 holding steady around its psychological 93 level, falling into another one of its tight range bound periods.\u00a0 News wires have cooled a bit today and the data wire is relatively quiet.\u00a0 This gives the USD\/JPY room to breathe as it debates between trends.\u00a0 While the uptrend is clearly &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/21\/usdjpy-flatlines-around-93\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/JPY Flatlines 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-8726","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8726","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=8726"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8726\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}