In my opinion, it will continue to come down towards 90 level before any major upward move.

I am expecting 90 next week

Originally posted by uniquetrader

In my opinion, it will continue to come down towards 90 level before any major upward move.

I am expecting 90 next week

U.S data in next week will be very important in defining direction. Technically I agree with you but it all depends on if u.s data is weaker or stronger. If weaker then yes, it will touch 90 but if not then it will remain bullish.

Usd gained strength today against jpy. I think it was corrective move as the pair fell quickly on friday. I am expecting bears tomorrow.

Originally posted by Sasha

Usd gained strength today against jpy. I think it was corrective move as the pair fell quickly on friday. I am expecting bears tomorrow.

It depends on U.S data today. If it came better than expected then no more bears. Usd will show strong upward move then. But if u.s data is weaker than expected than it usd/jpy will go down.

So I am currently on hold and waiting for data release.

Originally posted by Champ

 

Originally posted by Sasha

 

Usd gained strength today against jpy. I think it was corrective move as the pair fell quickly on friday. I am expecting bears tomorrow.

 

 

It depends on U.S data today. If it came better than expected then no more bears. Usd will show strong upward move then. But if u.s data is weaker than expected than it usd/jpy will go down.

So I am currently on hold and waiting for data release.

 

I agree. Usd/jpy is range-bound since 13-june. This range-bound movement is expected to end after bernarke's speech.