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Time: 10:39 NYT 
EURUSD:  1.2819
USDJPY:  84.29
GBPUSD:  1.5381
USDCHF:  1.0118
AUDUSD:  0.9106
USDCAD:  1.0511
AUDJPY:  76.74
EURJPY:  108.06
GBPJPY:  129.66
EURGBP:  0.8332
GBPCHF:  1.5565
EURCHF:  1.2970
Short Term
Interest Rates
US 0-0.25%  
Japan 0.1%  
Euro 1%  
UK 0.5%  
Swiss 0.25% 
Aus 4.5%  
Can 0.75% 
 
   




























FX INSIGHTS Archives
DAILY TECHNICAL OUTLOOK ON USD/JPY                                  All times in GMT
Last Update At 01 Sep 2010 23:47 GMT
Trend Daily ChartDaily Indicators21 HR EMA55 HR EMA
Down Falling 84.35 84.40
Trend Hourly ChartHourly Indicators13 HR RSI14 HR DMI
Sideways 55 +ve
Daily Analysis
Possible resumption of downtrend
ResistanceSupport
85.15 - Hourly chart
84.89 - Hourly chart
84.67 - Y'day's NY high
84.06 - Hourly chart
83.58 - Last Tue's low
83.10 - 61.8% proj. of 88.12-83.58 fm 85.91
        USD/JPY - 84.48.. Although renewed selling in Tokyo y'day at 84.58 pre- 
ssured the greenback in Europe n the pair fell sharply close to its last week's
15-year low of 83.58 at NY opening after ADP Employer Services report unexpect-
edly showed U.S. companies shed 10k jobs in August, buying interest emerged abv 
said key sup n subsequent rally in U.S. equities (Dow rose 2.5%) boosted risk 
appetite for yen carry trades, dlr rallied back to 84.67 b4 moving sideways.
       Y'day's strg rebound fm 83.66 suggests further choppy trading abv 83.58 
wud continue n a daily close abv 84.67 wud suggest the volatile price action fm 
aforesaid temporary low is developing into a 'triangle', then a stronger c-leg 
upmove to retrace early fall fm 85.91 (a-leg top) to 85.15/25 is envisaged but 
reckon upside shud falter well below 85.91 n yield another erratic d-leg decline 
b4 dlr's downtrend resumes later this month.
       In view of abv analysis, we're buying dlr on dips in anticipation of fur- 
ther gain n wud sell if price rises 1st for another retreat back to 84.00/10. On 
the downside, only below 83.58 wud yield one more fall twd 83.00/10 b4 recovery.

 

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