{"id":9777,"date":"2010-05-27T11:38:43","date_gmt":"2010-05-27T15:38:43","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9777"},"modified":"2010-05-27T11:38:43","modified_gmt":"2010-05-27T15:38:43","slug":"usdjpy-hold-around-90","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/27\/usdjpy-hold-around-90\/","title":{"rendered":"USD\/JPY Hold Around 90"},"content":{"rendered":"<p><strong>By Fast Brokers<\/strong> &#8211; The USD\/JPY is continuing its consolidation around its highly psychological 90 level as investors digest headwinds from all different directions.\u00a0 Investors headed towards safe havens yesterday after rumors spread that China is reconsidering its exposure to EU assets.\u00a0 However, the risk trade has made a comeback today after Chinese government officials denied these claims.\u00a0 Meanwhile, EU countries are in the process of passing their respective austerity packages.\u00a0 Hence, investors should keep a sharp eye on the EU news wire as events unfold.\u00a0 Japan reported a stronger than expected trade surplus today as demand from China helps Japanese manufacturers regain their footing.\u00a0 The Nikkei responded by gaining over 1.2% and this brings a bit of risk appetite to the table.\u00a0 However, focus remains on the EU and the U.S. with prelim GDP and weekly unemployment claims on tap.\u00a0 Despite present consolidation in the USD\/JPY, investors should keep in mind that the USD\/JPY has the potential to come alive at a moment\u2019s notice as we\u2019ve seen in the past.\u00a0 Hence, we\u2019ll have to see what the currency pair decides to do with 90.<\/p>\n<p>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<p>Present Price: 90.31<br \/>\nResistances: 90.42, 90.55, 90.64, 90.77., 90.88, 91.14<br \/>\nSupports:\u00a0 90.30, 90.11, 89.99, 89.84, 89.73, 89.54, 89.34<br \/>\nPsychological:\u00a0 .90, May and March lows<\/p>\n<p><a href=\"http:\/\/fastbrokers.net\/news\/image\/May27Yen.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/fastbrokers.net\/news\/image\/May27Yen.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 continuing its consolidation around its highly psychological 90 level as investors digest headwinds from all different directions.\u00a0 Investors headed towards safe havens yesterday after rumors spread that China is reconsidering its exposure to EU assets.\u00a0 However, the risk trade has made a comeback today after Chinese government officials &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/27\/usdjpy-hold-around-90\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/JPY Hold 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-9777","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9777","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=9777"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9777\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}