USD/JPY Technical Analysis for August 5, 2011
USD/JPY skyrocketed on Thursday, as the Bank of Japan intervened in the FX markets to stem the tide of Yen buying in the markets.
Month: August 2011
AUD/USD Analysis (August 5)
We have been a bit surprised by the weakness of the antipodean (Aussie and Kiwi) currencies this week. The Aussie has been under intense pressure, loosing more than 600 pips from the beginning of the week.
USD/CAD Analysis (August 5)
We were considering a bullish reversal on the pair for a few days and we think that everything is now in place to allow a continuation to the upside.
USD/CHF Analysis (August 5)
Needless to say that the pair remains under pressure considering the impressive bearish trend we see for more than a year now.
USD/JPY Analysis (August 5)
The pair has bounced significantly after the Japanese Finance Ministry intervention to curb the Yen strengh.
GBP/USD Analysis (August 5)
The pair has been under pressure after BoE rate decision and we did see the market reaching the daily moving average to draw about 38% of the previous rally started in July 12.
EUR/USD Analysis (August 5)
The pair has confirmed some bearish pressure yesterday after the statement from ECB President Trichet. We did see a break below 1,4140 (friday low) which now exposes key 1,40 support with a possible extension towards 1,3940 (daily...
Daily FX Market Outlook by AceTrader-5-8-2011
Market Review – 04/08/2011 22:38 GMT Yen tumbles on BoJ intervention The Japanese yen fell broadly against the greenback and other currencies on Thursday as Bank of Japan sold its currency to stem the yen’s recent strength....
Forex-Metal Daily Analysis – 04/08/2011
New-Zealand dollar reaches its 2-week minimums. Asian and European trading session:
Forexpros.com Daily Analysis – 04/08/2011
ForexPros Daily Analysis August 04, 2011 Euro Battles For Trend, Pound Ranging, Yen Intervention? Euro: On the daily, the euro is between a long setup from 1.4187 with a target at 1.47 (line in the sand is...