{"id":9661,"date":"2010-05-24T10:33:07","date_gmt":"2010-05-24T14:33:07","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9661"},"modified":"2010-05-24T10:33:07","modified_gmt":"2010-05-24T14:33:07","slug":"usdjpy-consolidates-around-90-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/24\/usdjpy-consolidates-around-90-2\/","title":{"rendered":"USD\/JPY Consolidates Around 90"},"content":{"rendered":"<p><strong>By Fast Brokers<\/strong> &#8211; The USD\/JPY is consolidating around its psychological 90 level as it tries to form a bottom above last week\u2019s lows like the rest of the risk trade.\u00a0 The USD\/JPY could undergo another one of its extended consolidative periods like we witnessed in the middle of the month.\u00a0 However, markets are still vulnerable to volatility due to unstable conditions in the EU.\u00a0 The BoJ proved to be proactive again last week by announcing another 1 Trillion yen lending program at the benchmark rate in order to bolster economic growth.\u00a0 This follows a $22 billion injection of liquidity the week before.\u00a0 The two actions could help buoy the USD\/JPY over the near-term.\u00a0 However, there\u2019s little reason to believe the Yen will lose its status as a safe haven should there be another large flight from risk.\u00a0 Meanwhile, the USD\/JPY could continue to fluctuate around 90 due to its psychological relevance as investors decided where to take the next leg.\u00a0\u00a0 Japan will be quiet on the data wire, leaving the USD\/JPY up to psychological events in the EU and data from the U.S. over the next couple trading sessions.<\/p>\n<p>Technically speaking, the USD\/JPY faces technical barriers in the form of multiple downtrend lines along with intraday highs and the psychological 91 level.\u00a0 As for the downside, the USD\/JPY has technical supports in the form of intraday and 5\/21 lows.<\/p>\n<p>Present Price: 90.14<br \/>\nResistances: 90.27, 90.42, 90.55, 90.64., 90.77, 90.88<br \/>\nSupports:\u00a0 90.01, 89.86, 89.73, 89.54, 89.34, 89.20<br \/>\nPsychological:\u00a0 .90, May lows<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/May24Yen.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/May24Yen.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 consolidating around its psychological 90 level as it tries to form a bottom above last week\u2019s lows like the rest of the risk trade.\u00a0 The USD\/JPY could undergo another one of its extended consolidative periods like we witnessed in the middle of the month.\u00a0 However, markets are still &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/24\/usdjpy-consolidates-around-90-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/JPY Consolidates Around 90&#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-9661","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9661","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=9661"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9661\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}