{"id":9731,"date":"2010-05-26T11:18:29","date_gmt":"2010-05-26T15:18:29","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9731"},"modified":"2010-05-26T11:18:29","modified_gmt":"2010-05-26T15:18:29","slug":"usdjpy-fluctuates-around-90-3","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/26\/usdjpy-fluctuates-around-90-3\/","title":{"rendered":"USD\/JPY Fluctuates Around 90"},"content":{"rendered":"

By Fast Brokers<\/strong> – The USD\/JPY has popped back above its highly psychological 90 level after yesterday\u2019s strong close in U.S. equities drove the risk trade higher across the board.\u00a0 The USD\/JPY is clearly in lock with the risk trade right now, meaning investors should keep an eye on the EUR\/USD and Cable in regards to their ability to continue their consolidation and to build a bit of upward momentum.\u00a0 However, considerable downward pressure remains considering the extent of last week\u2019s pullback.\u00a0 Hence, investors should monitor the EU news wire for any new developments regarding fiscal conditions in Greece and Spain.\u00a0 Should another wave of negative psychological forces hit the risk trade this could drag the USD\/JPY lower as investors head to the Yen as a safe haven.\u00a0 Meanwhile, the data wire will focus on the U.S. with DGO and new home sales on the way.\u00a0 Considering how demand for Japanese exports has ripened it wouldn\u2019t be surprising to see some strong DGO numbers.\u00a0 Solid U.S. data could boost the risk trade and vice versa.\u00a0 Speaking of Japanese exports, Japan will release its trade balance data tomorrow followed by UK realized sales and U.S. prelim GDP.\u00a0 Therefore, more emphasis could be placed on economic data over the next 24-48 hours unless there is a new psychological development in the EU.<\/p>\n

Technically speaking, the USD\/JPY faces technical barriers in the form of multiple downtrend lines along with 5\/24 highs and 5\/20 highs.\u00a0 As for the downside, the USD\/JPY has technical supports in the form of 5\/25 and 5\/20 lows.\u00a0 Additionally, the highly psychological 90 level could have a gravitational pull on the USD\/JPY over the near-term.<\/p>\n

Present Price: 90.38
\nResistances: 90.42, 90.55, 90.64, 90.77., 90.88, 91.14
\nSupports:\u00a0 90.30, 90.11, 89.99, 89.84, 89.73, 89.54, 89.34
\nPsychological:\u00a0 .90, May and March lows<\/p>\n

\"\"<\/a><\/p>\n

(click chart to enlarge)<\/p>\n

Market Commentary<\/strong><\/em> provided by Fast Brokers<\/strong>.<\/a><\/p>\n

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

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":"

By Fast Brokers – The USD\/JPY has popped back above its highly psychological 90 level after yesterday\u2019s strong close in U.S. equities drove the risk trade higher across the board.\u00a0 The USD\/JPY is clearly in lock with the risk trade right now, meaning investors should keep an eye on the EUR\/USD and Cable in regards … <\/p>\n

Continue reading “USD\/JPY Fluctuates Around 90”<\/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-9731","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9731","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=9731"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9731\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}