December 9th, 2009 – USD JPY hit a resistance @ 87.35 and it’s currently @ 87.80 level. I wouldn’t enter a long-term buy or sell position now, without waiting for the “Trade Balance” news tomorrow at 8:30am.

USD JPY - Resistance 87.35 and Trade Balance

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 4th, 2009 – Unemployment improves to 10% from 10.2% …. USD JPY jumped to 89.87 and it’s currently testing the level.

USD JPY - Unemployment improves to 10% !

December 2nd, 2009 – Take a look at the Nov.27th large doji candlestick; it bounced off the 84.81 resistance line.

USD JPY - Day chart candlesticks

November 25th, 2009 – The USD JPY reached it’s new low of 87.37 .The question remains if the USD JPY is going to break the 87.00 level and set new low for 2009 ?

USD JPY - Hit a new low level of 87.37