Daily Trading Signals by Exness - USD/JPY

[Exness Support]

29.07.2014 8:08 USDJPY
USDJPY: growth after publication of data on Japanese household expenses

Buy on rebound from 101.93 level with 102.75 target. Stop loss = 101.30.

Reason for the trading strategy.

Rates of reduction of Japanese household expenses in June decreased from 8% to 3% per annum. Therefore, after April's introduction of sales tax, consumer spending in Japan is now recovering, enabling carry trade transactions using the yen.

USDJPY, H4

 

[Exness Support]

30.07.2014 7:07 USDJPY
USDJPY: growth after publication of the volume of industrial production in Japan

Buy on a level breakthrough of 102.15 with 102.75 target. Stop loss = 101.65.

Reason for the trading strategy.

The Japanese currency remains under pressure after publication of data on the volume of industrial production in Japan. The indicator reflecting the situation in the real sector of the national economy fell in June by 3.3% (m/m) after an increase by 0.7% (m/m) in the previous month. Market participants do not rule out the possibility of expanding the quantitative easing program by the Bank of Japan to support economic growth in the country.

USDJPY, Daily

 

[Exness Support]

31.07.2014 7:07 USDJPY
USDJPY: growth against the reduction of the QE3 program in the US

Buy on rebound from 102.68 level with 104.00 target. Stop loss = 102.00.

Reason for the trading strategy.

Yesterday, the US Federal Reserve retained its benchmark interest rate unchanged in the 0% to 0.25% per annum range, and the QE3 asset purchases program was reduced from 35 billion to 25 billion dollars. However, the US Federal Reserve stressed that interest rates will remain low for a long time after completion of the QE3 program. According to the American regulator, against a background of continuing problems in the housing market, it is currently appropriate to retain an extremely loose monetary policy. After ending overpurchasing, we expect a growth of the USDJPY pair.

USDJPY, H4

 

[Exness Support]

25.08.2014 8:08 USDJPY
USDJPY: consolidation before publication of the US PMI in the service sector

Buy on rebound from 104.00 level with 104.50 and 105.00 targets. Stop loss = 103.50.

Reason for the trading strategy.

Today at 13:45 GMT, the PMI index of US service sector will be published. In August, the index is expected to decline from 60.8 p. to 59.2 p. A possible testing of the support level of 104.00 by the USDJPY pair should be used to open long positions.

USDJPY, H4

 

[Exness Support]

26.08.2014 10:10 USDJPY
USDJPY: consolidation after publication of the corporate services price index in Japan

Buy on a level breakthrough of 104.26 with 105.39 target. Stop loss = 103.50.

Reason for the trading strategy.

The corporate services price index in Japan in July increased from 3.6% (y/y) to 3.7% (y/y), showing a trend in the increase of inflationary pressure in the country. Expectations to minimize the QE3 program in the US amidst the continuing asset purchases program in Japan are likely to push USDJPY pair to conquer the annual maximum 105.39 in the medium term.

USDJPY, Daily

 

[Exness Support]

27.08.2014 10:10 USDJPY
The USDJPY pair adjusts from the 104.26 resistance level

Buy on rebound from 103.50 level with a 104.26 target. Stop loss = 103.00.

Reason for the trading strategy.

Despite the significant increase in orders for durable goods in the United States, the existing pessimism about the growth of key interest rates is creating a reduction in housing prices in 20 major cities in the United States. In July, the annual growth rate of the latter indicator slowed from 9.3% to 8.1%, reflecting the decline in the purchasing power of American households, due to the increase in mortgage rates.

USDJPY, Daily

 

[Exness Support]

28.08.2014 11:11 USDJPY
Data on the number of initial claims for unemployment insurance in the United States could support the USDJPY pair

Buy on rebound from 103.50 level with a 104.26 target. Stop loss = 103.00.

Reason for the trading strategy.

Today, before the publication of a weekly report by the US Ministry of Labor on the number of applications for unemployment benefits, the USDJPY currency pair may test the level of 103.50, at which point it is worth considering opening long positions in the world's reserve currency.

USDJPY, Daily

 

[Exness Support]

In the short term, it is probable that the USDJPY pair will be tested at the 105.40 level

Buy on rebound from the level of 104.50 with a 105.40 target. Stop loss = 104.00.

Reason for the trading strategy.

Before the upcoming Thursday meeting of the Bank of Japan, the USD/JPY pair has decided to consolidate above the 104.27 level. Given the continued folding of the QE3 program in the United States, under the current loose monetary policy in Japan, the USD/JPY pair is likely to renew its maximum of 2014 at the level of 105.40 in the short term.

USDJPY, Daily

 

[Exness Support]

03.09.2014 9:09 USDJPY
The USDJPY pair adjusts from the year maximum of 105.40

Buy on rebound from a 104.27 level with a 105.40 target. Stop loss = 103.50.

Reason for the trading strategy.

The fact that the Japanese government has resigned and the Prime Minister Abe of Japan, Finance Minister Aso, and the Minister of Economy Amari have all been re-elected speaks to a continuation of the current economic policy in the country. The USDJPY pair is now adjusting from the year maximum of 105.40 The opening of new short positions on this pair are worth considering from a resistance level of 104.27.

USDJPY, H4

 

[Exness Support]

11.09.2014 8:08 USDJPY
USDJPY: consolidation near the 107.00 level

Buy on rebound from 106.55 level with 107.10 and 108.00 targets. Stop-Loss = 106.00.

Reason for the trading strategy.

The business sentiment index in large industrial companies in Japan increased from (13.9 p.) to 12.7 p.in Q3 2014. This data reflect a likely increase in investment in the country's industrial sector, which will help conclude carry trade deals with the use of the yen.

USDJPY, H4

 

[Exness Support]

18.09.2014 9:09 USDJPY
In the medium term, the USDJPY may test the 110.45 level

Buy on rebound from 108.01 level with 109.00 and 110.45 targets. Stop loss = 107.20.

Reason for the trading strategy.

In August, Japan's foreign trade deficit amounted to 948.5 billion yen with a forecast of 1,028 yen. The less significant reduction in Japan's trade balance is likely to contribute to a growth of the national stock index Nikkei225, increasing the number of carry trade transactions using the yen.

USDJPY, H4

 

[Exness Support]

29.09.2014 8:08 USDJPY
The demand for the USDJPY pair intensified after a breakthrough of the maximum of 109.44

Buy on rebound from 109.44 level with 110.67 target. Stop loss = 109.00.

Reason for the trading strategy.

Today, Governor of the Bank of Japan Kuroda said that the current soft monetary policy in the country is appropriate. According to him, after the stabilization of the level of about 1.25%, the base inflation rate in Japan will reach the planned level of 2%. We believe that against the background of the continuation of a stimulating monetary policy in Japan, its curtailing in the United States will lead to a further growth of the USDJPY pair.

USDJPY, H4

 

[Exness Support]

10.10.2014 8:08 USDJPY
USDJPY: under pressure against the background of curtailing carry trade operations

Sell on a level breakthrough of 107.53 with 106.93 target. Stop loss = 108.00.

Reason for the trading strategy.

The deterioration of the IMF forecast for global growth in 2015 led investors to curtail the carry trade operations in the financial markets. Closing of the American stock market indices with a decrease of 2%, today triggered a sell-off in the Asian stock markets, which led to a strengthening of the Japanese yen.

USDJPY, H4

 

[Exness Support]

27.10.2014 9:09 USDJPY
USDJPY: under pressure before publication of the business activity index in the US service sector

Buy on rebound from 107.50 level with 108.35 target. Stop loss = 107.00.

Reason for the trading strategy

Today at 13.45 GMT, the US Markit PMI in the services sector will be published. The indicator's decline from 58.9 n. to 57.9 p. expected in October, will probably put pressure on the world's reserve currency. With the USDJPY pair lowering to the 107.50 support level, opening long positions should be considered.

USDJPY, H4

 

[Exness Support]

28.10.2014 9:09 USDJPY
USDJPY: consolidation in the 107.50-108.35 range

Buy on rebound from 107.50 level with 108.35 target. Stop loss = 107.00.

Reason for the trading strategy

Today Mr. Kuroda said that the Japanese economy is showing recovery after the sales tax has been raised. His words confirmed the September growth of 2.3% (y/y) in retail sales in Japan, which was better than the forecast of 0.9% (y/y). These statistics are positive for the Japanese currency. Before tomorrow's US Federal Reserve meeting, a possible reduction in the USDJPY pair to 107.50 support level can be used to open long positions.

USDJPY, H4

 

[Exness Support]

29.10.2014 10:10 USDJPY
USDJPY: consolidation after the publication of the volume of industrial production in Japan

Buy on a level breakthrough of 108.35 with 109.89 target. Stop loss = 107.50.

Reason for the trading strategy

In September, the volume of industrial production in Japan increased by 2.7% (m/m), being better than the expected 2.3% (m/m). The data confirms the recovery of business activity in the real sector of the national economy, which will enable completion of carry trade transactions using the yen. Tonight, support for the dollar could be provided by the tough comments from the US Federal Reserve regarding the timing of raising the key interest rates in the US.

USDJPY, H4

 

[Exness Support]

20.11.2014 7:07 USDJPY
In the short term, the dollar pair may rise to 120 yen.

Buy on level breakthrough of 119.00 with 119.63 and 120.00 targets. Stop loss = 118.50.

Reason for the trading strategy

Despite the publication of good statistics on foreign trade in Japan, the USDJPY currency pair continues to reach new highs. Market participants act out the news about the postponement of the sales tax rise in Japan.

USDJPY, H4

 

[Exness Support]

21.11.2014 9:09 USDJPY
USDJPY: under pressure after the speech given by Japan's Minister of Finance

Buy on rebound from 117.02 level with 118.00 and 118.99 targets. Stop loss = 116.50.

Reason for the trading strategy

Today, Japan's finance minister expressed concern about the rapid decline of the yen against the US dollar. This led to the recording of a profit in the USDJPY pair. After the pair's likely testing of the of 117.02 support level, opening other long positions should considered.

USDJPY, H4

 

[Exness Support]

26.11.2014 10:10 USDJPY
In the short term, the USDJPY pair may test the level of 117.02

Buy on rebound from 117.02 level with 118.99 target. Stop loss = 116.50.

Reason for the trading strategy

Against the background of the expected reduction in the volume of orders for durable goods in the US in October, the USDJPY pair is sliding to the 117.02 support level. The demand for the US currency will probably strengthen near this mark.

USDJPY, H4

 

[Exness Support]

04.12.2014 7:07 USDJPY
USDJPY: growth against the background of an increasing ISM business activity index in the US services sector

Buy on a level breakthrough of 119.97 with 120.64 target. Stop loss = 119.50.

Reason for the trading strategy

In November, the ISM business activity index in the US non-manufacturing sector rose from 57.1 p. to 59.3 n., being better than the expected forecast of 57.5 p. Since the transactions in the services sector form nearly 90% of US GDP, the published statistics is likely to support the dollar.

USDJPY, H4