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4 May 2015
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=73c05936-8889-4a6f-ae96-1a94db332262
FXStreet (Edinburgh) - The research team at BBH sees USD/JPY edging higher in the medium term.
Key Quotes
“Technical indicators favor the dollar over the yen”.
“The greenback is trying to establish a foothold above the downtrend line drawn off the March multi-year high (~JPY122.03), and the April high (~JPY120.85). It is just below JPY120.20 now”.
“The dollar's 5-day moving average will cross above the 20-day moving average. The RSI is curling up while the MACD's are flat on the lows”.
“Rising US Treasury yields also favor the dollar”.
“The JPY120.75-85 offers initial resistance. Japanese participation will be light due to the Golden Week holidays. A strong US jobs data could see a challenge on the JPY122.00 area”.
Key Quotes
“Technical indicators favor the dollar over the yen”.
“The greenback is trying to establish a foothold above the downtrend line drawn off the March multi-year high (~JPY122.03), and the April high (~JPY120.85). It is just below JPY120.20 now”.
“The dollar's 5-day moving average will cross above the 20-day moving average. The RSI is curling up while the MACD's are flat on the lows”.
“Rising US Treasury yields also favor the dollar”.
“The JPY120.75-85 offers initial resistance. Japanese participation will be light due to the Golden Week holidays. A strong US jobs data could see a challenge on the JPY122.00 area”.