Tag: USDJPY

2nd May, 2011 – Daily Forex Report by GFM Research

by gfmresearch.com | May 2, 2011 6:31 am
Stronger equity bourses, especially the Dow Jones Industrials (DJIA) the weakening of U.S Dollar against the majors. The Dollar Index (DX) has hit lifetime low of 73.00 during last Friday’s trade; only consistent daily close above 74.80...

USDJPY Analysis – April 30, 2011

by ForexCycle.com | April 30, 2011 10:41 am
USDJPY continued its downward move from 85.51 and the fall extended to as low as 81.03. Deeper decline is still possible next week, and next target would be at 80.00 area. Resistance is at 82.75, only break...

USD/JPY Technical Analysis for April 28, 2011

by ForexMansion.com | April 28, 2011 7:01 am
The USD/JPY gained massively today, as the markets took off around the world. It should be noted that this pair is the weakest of all of the XXX/JPY pairs, as the USD is so weak at the...

28th April, 2011 – Daily Forex Report by GFM Research

by gfmresearch.com | April 28, 2011 6:23 am
With no Interest Rate by the Fed hike yesterday, the U.S Dollar tumbles to make a new low. The Greenback continued to loose against all the major pair except against the Japanese Yen. Breach of 74.00 ranges...

USD/JPY Technical Analysis April 27, 2011

by ForexMansion.com | April 27, 2011 7:28 am
The USD/JPY is currently testing the 80-81.50 area, which has been support several times over the last year or so. This pair was directly intervened by 6 central banks recently, so selling is very risky. If we...

27th April, 2011 – Daily Forex Report by GFM Research

by gfmresearch.com | April 27, 2011 6:34 am
The U.S Dollar continues to weaken on the event of record rise in the Dow Jones Industrials (DJIA). Breach of 74.00 ranges in Dollar Index (DXM11) resulted in further weakening of the Greenback; only consistent daily close...

26th April, 2011 – Daily Forex Report by GFM Research

by gfmresearch.com | April 26, 2011 6:37 am
The U.S Dollar seems to have stabilized after previous week’s losses. The Dollar Index (DXM11) is witnessing support at 74.00 ranges though the major trend is still bearish; only consistent daily close above 75.40 ranges would post...