• 807 days Will The ECB Continue To Hike Rates?
  • 807 days Forbes: Aramco Remains Largest Company In The Middle East
  • 809 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,209 days Could Crypto Overtake Traditional Investment?
  • 1,214 days Americans Still Quitting Jobs At Record Pace
  • 1,216 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,219 days Is The Dollar Too Strong?
  • 1,219 days Big Tech Disappoints Investors on Earnings Calls
  • 1,220 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,222 days China Is Quietly Trying To Distance Itself From Russia
  • 1,222 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,226 days Crypto Investors Won Big In 2021
  • 1,226 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,227 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,229 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,230 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,233 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,234 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,234 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,236 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

USD/JPY: Sliding

USD/JPY has moved below its recent low at 94.99 (07/06/2013 low). The short-term technical configuration remains negative as long as prices remain below the resistance at 97.02 (12/06/2013 high). An initial resistance lies at 94.92 (intraday high). Supports can be found at 93.58 (38.2% retracement) and 92.57.

The medium-term overextended nature of this market calls for some caution. Even though it has not been confirmed by EUR/JPY and GBP/JPY, the move below the support at 95.80 is a medium-term bearish sign. We would however not be aggressively bearish given the short-term oversold conditions and the proximity of key supports in EUR/JPY and GBP/JPY.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment