December 8th, 2009 – The USD JPY has been on the decline from Dec.4th.09 high of 90.75 … currently, it’s in the low 88.00 level. If the USD JPY falls below the 88.00 level it may be hard for it to pick momentum to reach the 92.31 resistance.

USD JPY - On the Decline !

December 7th, 2009 – The USD JPY climber 300+ pips (88.29 to 90.75) on Friday due to the unemployment going down from 10.2% to 10.0%. Expect the momentum to stay bullish but also expect some “currency consolidation” to occur before climbing above the 90.75 high. Basically, “currency consolidation” means that a currency momentum being bullish or bearish, will stop at one time or another to go in a straight line phase before coming back to the  original direction. Expect, the USD JPY momentum to stay and the next resistance line of 92.31 will most likely be broken, unless we get some really negative economic news.

USD JPY - 300+ Pips Jump and Currency Analysis

December 1st, 2009 – USD JPY continues it’s bullish run after hitting 84.81 level. As, you may remember from a previous post informing all traders not to go long when the USD JPY hit 86.28 …. here is the post USD JPY – Reaches 86.28 … is this the end ? The currency took a -140 pips further decline; anyone who had a buy position @ 86.28 was out. Don’t expect the currency to recover till it reaches at least the 89.00 – 90.00 psychological level, and it may take one more decline before pushing further.

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November 17th, 2009 – The USD JPY has taken a turn for the worst and it’s at 89.25 level this morning. On the bright side, two major resistance (88.74 and 88.00 ) may hold the bearish run. If the 88.00 resistance is broken then the next resistance is @  87.10 (Jan.21st.09).

USD JPY - Will the 88.00 Resistance hold ...

Forex Analysis - This weeks USD JPY Analysis

• 3 Resistance to pay attention to 92.31 , 90.23, & 91.60
• If USD JPY breaks the two resistance (92.31 & 92.52); then we are looking at bullish run to 93.00 area.
• If USD JPY breaks the 90.23 resistance, I wouldn’t recommend going bearish right away. I would suggest wait until it breaks 90.00 level then make your move.

This weeks USD JPY forex analysis :

• Forex news that will have direct impact on USD JPY … ISM Manufacturing PMI, Pending Home Sales, and most important the Non-Farm Employment Change.
• 90.00 resistance has been broken and never recovered above. Recover was met by resistance @ 89.92 level.
• The USD JPY has reached the 89.50 level and bounced back but it doesn’t look like it has any hope of a soon recovery, unless there is a  significant improvement in the NFP and unemployment rate.