USDJPY: Where to From Here? | Forex Factory

  • USDJPY: Where to From Here?

    From dailypriceaction.com

    On July 6, I pointed out the 110.30 area on the USDJPY. Given the confluence of support that had gathered there, I deemed it a “must hold” for buyers. I was skeptical at the time as to whether buyers could pull it off. The pair was having trouble moving higher from the region and was beginning to lean on ascending channel support quite heavily. However, the two-day rally below speaks for itself. The pair is up an impressive 150 pips since Tuesday’s close, and I see no indication of fatigue. Yesterday’s close puts the USDJPY back above the 112.00 handle. The level supported prices throughout December 2017 and ... (full story)

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funzodundee
Jul 13, 2018 3:27am
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The disaster could actually result in short-term Yen strength.
Japanese insurance firms will be repatriating cash – exchanging their foreign-denominated holdings for yen – to pay for the cost of the crisis.
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Prof.Trader
Jul 13, 2018 2:58am
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Fundamentally, USDJPY will getting weaker or going up because of floods and landslides at Mabi District Japan... This big dissaster will make getting weaker on Japan Economy and Japan Investment...

Based on The Guardian articles, more than 700 houses were destroyed or damaged, and more than 23,000 were flooded, according to the fire and disaster management agency.
Attached Image (click to enlarge)
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Prof.Trader
Jul 13, 2018 6:08am
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Quoting funzodundee
The disaster could actually result in short-term Yen strength. Japanese insurance firms will be repatriating cash – exchanging their foreign-denominated holdings for yen – to pay for the cost of the crisis.
Yes You're right... But The Holding Insurance can not afford pay all losses...
And It's need time to recovery...
And You know, Holding Insurance can't pay non material losses like Investor Confidence about Japan Business Situation...

Investor will withdrawl their Investment from Japan, and replace their money on Another Save and Profitable Asset on Another Country, like Buy US Treasury... And of course, they will get very much profit when The Fed raise the Cash Rates on Spetember and December this year and 3 times hikes on 2019...
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Prof.Trader
Jul 13, 2018 3:03am
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Technically, USDJPY will going up and can reach Resistant 3 on 113,60...
Look at the Picture below for complete analyses...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2018-07-13-15-48-35.jpg Size: 543 KB
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