26 May 2015
USD/JPY bulls in control in early Tokyo
FXStreet (Guatemala) - USD/JPY is currently trading at 121.68 with a high of 121.71 and low of 121.52.
USD/JPY is making lower lows and confirms the bid theme around the greenback in Asia today, with an early pop to the upside to set up the week. Yellen's bullish rhetoric continues to echo around the market place while the CPI's underpinned the dollar also. Fundamentally, this is all gearing up for a possible test of the upside of the four month ranges and this week has plenty of impetus to trade on. We are starting with US Durable Goods in the US shift and BoJ minutes tomorrow in Asia.
USD/JPY pops higher pressuring ascending triangle's top
Technically, USD/JPY's daily ascending triangle pattern is offering bulls sentiment for a breakout. Bulls will be looking for a daily close that could get us above the 122.00. This would be a bullish event that could open up the start of a new range to the upside, with 125 as the next psychological handle.
USD/JPY is making lower lows and confirms the bid theme around the greenback in Asia today, with an early pop to the upside to set up the week. Yellen's bullish rhetoric continues to echo around the market place while the CPI's underpinned the dollar also. Fundamentally, this is all gearing up for a possible test of the upside of the four month ranges and this week has plenty of impetus to trade on. We are starting with US Durable Goods in the US shift and BoJ minutes tomorrow in Asia.
USD/JPY pops higher pressuring ascending triangle's top
Technically, USD/JPY's daily ascending triangle pattern is offering bulls sentiment for a breakout. Bulls will be looking for a daily close that could get us above the 122.00. This would be a bullish event that could open up the start of a new range to the upside, with 125 as the next psychological handle.