technical analysis -or- fundamental analysis

The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 112.62, losing 0.17%. I believe that support is now at around 112.33, Wednesday's low, and the resistance is at 113.44, the maximum of Friday's trading.

The dollar recorded a volatile session against the yen on Tuesday. Ultimately, the final was put in favor of the Asian currency. Trading started at a rate of 112.67, with early bearish mood dominating. As a result, the two supports at 112.30 and 112.12 were punctured after the pair hit bottom at 111.98. The dollar then recovered some of the losses.

Key levels to watch for:
Support: 112.30; 112.12;
Resistance: 113.47; 113.84;

The dollar / yen tried to lower yesterday, forming a bottom at 111.98, but closed slightly higher at 112.44. The signals are neutral so far, but the price is still in the bears phase after the downward pin bar formation at the key resistance of 113.20. Immediate support is seen at 111.65. A clear breakthrough and daily closure below this level will open the doors to 111.00 - 110.65.

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The dollar / yen did not make a substantial move yesterday. There is no change in my technical predictions. Expectations remain neutral in the short term, but the price is still in the downstream phase after the formation of the bearish pin bar at the key resistance 113.20. Support for the day we have at 111.65. A clear breakthrough and daily closure below it will clear the way down to 111.00 - 110.65. Generally I remain neutral.

The US dollar recorded a decline against the Japanese yen on Friday. The currency pair opened at 112.27 and the dollar lost 40 pips. Graphics continued to grow below moving averages, while the relative strength index remained neutral. If the bearish mood continues, we can expect a first support test at 110.90.

Key levels to watch for:
Support: 110.90; 110.20; 108.80;
Resistance: 112.90; 114.30;

The dollar / yen had a bearish momentum last week, reaching a bottom of 111.68 after a fake breakthrough over key resistance 113.20 and the emergence of a bearish pin bar. The views are down to testing 111.65. Clear break below this level will open doors to support 111.00 - 110.65. Intraday resistance is at 112.35. A clear breakthrough over it could take the price to a neutral zone, but only a clear break above 113.20 will halt the current short-term downside outlook.

The US dollar recorded a rise against the Japanese yen on Wednesday. The session started at 112.19 and ended at 112.92. After a steady upward movement, the price managed to break the first resistance at 112.90. If the direction of motion continues upward, perhaps there will be an attempt to break the first resistance at 114.30.

The dollar fell against the yen. The USD/JPY fell by 0.08% to 113.65 after the maximum of 114.24 in three weeks, which was fixed on Wednesday. In recent sessions, the dollar received support amid forecasts of tax reform in the US, strengthened after the Senate approved changes in the budget that would allow Republicans to adopt a tax reduction program without the support of the Democratic Party.

The dollar / yen attempted to decrease yesterday with a bottom of 113.53, but closed higher at 114.07. Expectations are neutral in short terms, possibly with light bullish signals for resistance testing 114.50, which remains a good place for short positions with narrow stops. A clear breakthrough over this area may clear the path to 115.50 or higher. Support for the day remains 113.75. A clear break below it can take the price to a neutral zone with testing at 113.20. I'm basically neutral.

The US dollar was down against the Japanese yen on Friday morning. During the Asian trading, USD / JPY was trading at 114.01, having lost 0.06%. I believe that support is now at 112.97, Tuesday's low, and the resistance is likely to come in level 114.30 - the maximum of Wednesday.

The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD / JPY is trading at 114.08, gaining 0.001%. I believe that support is now at 112.97, Tuesday's low, and resistance is likely at 114.43, the high of Friday's trading.

On Friday, the rate of the US dollar went to growth after the release of reports on the volume of industrial orders in the US and business activity in the services sector, which made investors forget about the weaker earnings report in the United States than in the forecast.
The dollar remained stable against the yen: the pair USD / JPY was trading at 114.07 after a fall during the trading session.
Next week, investors will continue to monitor progress in US tax reform, but from the standpoint of economic reports, this will be a relatively quiet week.

The US dollar recorded a rise against the Japanese yen on Tuesday. The currency pair opened at 113.69 and the price bounced from the resistance at 114.30. After all, the dollar ended at 113.99 and the levels at 114.30 again resisted the rise of USD / JPY. In view of the prevailing positive attitudes in the short term, their overcoming will be indicative of additional growth.

Key levels to watch for:
Support: 112.90; 110.90;
Resistance: 114.30; 115.40;

Interesting forecast!

The dollar/yen continued its inertia up yesterday, reaching a peak of 114.34, but closed lower at 113.97 and hit 113.63 earlier today. The views remain down for testing at 113.20 as part of the scroll down pin scenario, as you can see on the daily chart. Clear break and daily closing below this level will open the doors to 112.25 - 111.65. The first resistance is at 114.00, but the key level remains 114.50, which is a good place for short positions with narrow stops to the loss.

The dollar recorded a dynamic session against the yen on Friday. Ultimately, the pair remained at the end of last week, but short-term expectations are in favor of the dollar. The start on Monday was at a rate of 113.45 and the closing price was 16 pips higher. The trend was volatile, with the difference between the highest and lowest values for the day being 47 pips. Meanwhile, the first resistance at 113.68 was slammed for a short time while the first trading hours.