{"id":9378,"date":"2010-05-12T12:25:21","date_gmt":"2010-05-12T16:25:21","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9378"},"modified":"2010-05-12T12:25:21","modified_gmt":"2010-05-12T16:25:21","slug":"usdjpy-creeps-higher","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/12\/usdjpy-creeps-higher\/","title":{"rendered":"USD\/JPY Creeps Higher"},"content":{"rendered":"<p><strong>By Fast Brokers<\/strong> &#8211; The USD\/JPY is creeping back above its psychological 93 level as the currency pair stares down 5\/10 highs.\u00a0 Relative stability in the Euro has allowed investors to send equities higher and dip back into risk, a positive development for the USD\/JPY.\u00a0 However, extensive headwinds remain as the EUR\/USD and Cable struggle to find their footing.\u00a0 Hence, if another negative psychological event were to rock the markets this could knock the USD\/JPY lower.\u00a0 On the other hand, should risk appetite improve this could wake the currency pair from its consolidation and send it back towards its 94-95 range.\u00a0 Investors should still keep in mind that the USD\/JPY is digesting last week\u2019s $22 billion injection of liquidity by the BoJ, and this could buoy the USD\/JPY over the near-term.\u00a0 The data wire will be relatively light tomorrow, highlighted by Australia and U.S. employment data.\u00a0 Additionally, investors should keep their eyes on the news wires considering the EU is still on shaky ground.<\/p>\n<p>Technically speaking, the USD\/JPY faces technical barriers in the form of multiple downtrend lines along with 5\/10, 5\/6, and 5\/5 highs.\u00a0 Additionally, the psychological 95 area could serve as a solid barrier should it be tested.\u00a0 As for the downside, the USD\/JPY has multiple uptrend lines serving as technical cushions along with intraday and 5\/7 lows.\u00a0 Furthermore, the psychological 92 areas could continue to serve as a solid support over the near-term.<\/p>\n<p>Present Price: 93.11<br \/>\nResistances: 93.29, 93.43, 93.54., 93.64, 93.76, 93.95, 94.15<br \/>\nSupports:\u00a0\u00a0 93.06, 92.95, 92.82, 92.66, 92.50, 92.43, 92.32<br \/>\nPsychological: .93, .94, .92, .91, .90<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/May11Yen.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/May11Yen.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 creeping back above its psychological 93 level as the currency pair stares down 5\/10 highs.\u00a0 Relative stability in the Euro has allowed investors to send equities higher and dip back into risk, a positive development for the USD\/JPY.\u00a0 However, extensive headwinds remain as the EUR\/USD and Cable struggle &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/12\/usdjpy-creeps-higher\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/JPY Creeps Higher&#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-9378","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9378","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=9378"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9378\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}