Fundamental Analysis of USD/JPY for May 22, 2017
May 22, 2017 1:16 pmVideo
Latest News
- Analysis of GBP/USD on April 26th. The pound trades on Friday without changes April 26, 2024
- USD/JPY: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- EUR/USD: Simple trading tips for novice traders on April 26th (US session) April 26, 2024
- GBP/USD: trading plan for the US session on April 26th (analysis of morning deals). The pound attempted, but it didn’t go April 26, 2024
- EUR/USD: trading plan for the US session on April 26th (analysis of morning deals). The euro continues to rise April 26, 2024
- Trading Signals for GOLD (XAU/USD) for April 26-29, 2024: buy above $2,324 and sell below $2,352 (21 SMA – 6/8 Murray) April 26, 2024
- Technical Analysis – AUDUSD set to complete best week of the year April 26, 2024
- Will Apple finally drop its AI hint? – Stock Markets April 26, 2024
- Bitcoin slips as markets pare back Fed rate cuts – Crypto News April 26, 2024
- EUR/USD. April 26th. Bulls continue to advance after the GDP report April 26, 2024
- Can Chinese PMIs solidify the economy’s recovery prospects? – Preview April 26, 2024
- Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- XM’s Lombok Collaboration: Brightening Futures April 26, 2024
- Week Ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too April 26, 2024
- Market Comment – Yen keeps sinking after Bank of Japan decision April 26, 2024
- Fed faces dilemma amid sticky inflation and slowing economy – Preview April 26, 2024
- USD/JPY: trading tips for beginners for European session on April 26 April 26, 2024
- GBP/USD: trading tips for beginners for European session on April 26 April 26, 2024
- EUR/USD: trading tips for beginners for European session on April 26 April 26, 2024
USD/JPY showed a great amount of bearish pressure last week that is also expected to continue this week as well. Today, Japan released Trade Balance report which revealed a trade surplus of 0.10 trln yen, down from the forecast for a 0.25 trln surplus. The worse-than-expected trade proficit affected JPY today and the pair is currently residing inside a corrective structure. On the USD side today, FOMC policymakers Kashkari and Harker are due to sleak on an interest rate decision and further monetary policies. Their comments are expected to bring in good amount of volatility in the pair today. A positive outcome in US events today is likely to cap further gains in JPY.
Now let us look at the technical chart. The price is currently below 111.60-112.20 resistance area. Following the bearish pressure last week, a further bearish move in this pair is expected until the price breaks above 112.20 with a daily close. As the price remains below 111.60-112.20 resistance area, the pair will ride a bearish bias. USD/JPY is expected to move towards 110.10 in the coming days.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: