{"id":9427,"date":"2010-05-14T15:35:49","date_gmt":"2010-05-14T19:35:49","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9427"},"modified":"2010-05-14T15:35:49","modified_gmt":"2010-05-14T19:35:49","slug":"usdjpy-slides-with-risk-trade","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/14\/usdjpy-slides-with-risk-trade\/","title":{"rendered":"USD\/JPY Slides with Risk Trade"},"content":{"rendered":"<p><strong>By Fast Brokers <\/strong>&#8211; The USD\/JPY is sliding as investors divest from the risk trade across the board, a negative for the Yen\u2019s safe haven status.\u00a0 The USD\/JPY is testing 5\/11 lows, a negative near-term technical development as the currency pair tries to avoid a return to last week\u2019s rampant selling activity.\u00a0 Focus remains on the EU with prominent economists and central bankers throwing their hats into the ring as they voice their uncertainty concerning the effectiveness of the $1 trillion rescue package and the overall viability of the union.\u00a0 Despite the BoJ\u2019s $22 billion liquidity injection last week, the USD\/JPY is still prone to a downturn in the wake of extraordinary psychological circumstances as we\u2019re experiencing today in Europe.\u00a0 Hence, investors should keep a sharp eye on the EUR\/USD with the currency pair testing its October 2008 lows.\u00a0 If the EUR\/USD really takes a turn for the worse, this could drag the USD\/JPY and U.S. equities lower as well.\u00a0 On a positive note, U.S. consumption data satisfied analyst expectations, giving investors to buoy the USD\/JPY due to relative economic performance.<\/p>\n<p>Technically speaking, the USD\/JPY faces technical barriers in the form of multiple downtrend lines along with intraday and 5\/13 highs.\u00a0 Additionally, the psychological .93level 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 area could continue to serve as a solid support over the near-term.<\/p>\n<p>Present Price: 92.19<br \/>\nResistances: 92.21, 92.38, 92.50., 92.66, 92.82, 92.95, 93.06<br \/>\nSupports:\u00a0\u00a0 92.03, 91.92, 91.80, 91.70, 91.53, 91.31<br \/>\nPsychological: .93, .92, .91, .90<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/May14Yen.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/May14Yen.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 sliding as investors divest from the risk trade across the board, a negative for the Yen\u2019s safe haven status.\u00a0 The USD\/JPY is testing 5\/11 lows, a negative near-term technical development as the currency pair tries to avoid a return to last week\u2019s rampant selling activity.\u00a0 Focus remains on &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/14\/usdjpy-slides-with-risk-trade\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/JPY Slides with Risk Trade&#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-9427","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9427","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=9427"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9427\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}