Research

usd/jpy Technicals

Wednesday, 19 November 2008 14:55:03 GMT

Yen Technical Outlook

By David Rodriguez, Quantitative Analyst

usd/jpy Fundamentals

Wednesday, 19 November 2008 01:12:33 GMT

Japanese Yen Eases Back as Market-Wide Consolidations Continue

By Terri Belkas, Currency Strategist

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Japanese Yen (JPY)

Current Time - Tokyo: 8:46 AM | EST: 6:46 PM | GMT: 11:46 PM

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SENTIMENT AND POSITIONING

	SSI Positioning USD/JPY Ratio: 1.04 Trading Forecast: Bearish Full Article

	COT Positioning JPY: The index is at 8 after having been at 6 last week. In 2007, positoning was much more extreme, but we would expect it to be since 124.13 was probably the end cycle wave 4. Full Article

FUNDAMENTALS — THIS WEEKS ECONOMIC RELEASES

	Most Recent Economic Releases	Forecast	Previous
	JPY Gross Domestic Product Annualized (3Q P)	0.1%	-3.7% (R-)
	JPY Gross Domestic Product (QoQ) (3Q P)	0.0%	-0.9% (R-)
	JPY Nominal Gross Domestic Product (QoQ) (3Q P)	-0.3%	-1.2% (R-)
	JPY Gross Domestic Product Deflator (YoY) (3Q P)	-1.7%	-1.6% (R-)
	JPY Tertiary Industry Index (MoM) (SEP)	-0.5%	-1.3% (R+)
	JPY Housing Loans (YoY) (3Q)		3.9%
	JPY Leading Index (SEP F)	89.4	89.2
	JPY Coincident Index (SEP F)	100.9	100.8

More JPY Economic Releases

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Technicals - Support and Resistance for JPY

	Support and Resistance Levels						Interest Rate Outlook
	Key Levels		Strength	Comments			Timeframe	Target
	R4	104.48	High	200-Day SMA			Benchmark	0.30
	R3	101.52	High	50-Day SMA
	R2	102.44	High	10/20 High			1 Week	0.670
	R1	97.49	High	20-Day SMA			1 Month	0.806
	S1	95.00	Weak	Psychological Support			3 Month	0.893
	S2	94.09	High	Bollinger Band Support			6 Month	0.966
	S3	92.46	Weak	10/28 Low			9 Month	1.053
	S4	90.90	High	10/27 Low			1 Year	1.110

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Japanese Yen Gains as US Stock Markets Tumble 2%, Highlighting Strong Inverse Correlation