Y100 Outlook – October 11 - 15

October 10, 2010 posted by Yohay
Filed under the US $ Yen forecast | leave a comment

Japan calendar that pretty much is light in coming week continued currency war definitely more action specifies. Here, is a technical analysis Japan events and updates us $ / Yen in Outlook.

Us $ / Yen chart support and resistance lines. Click Zoom in.

Intervention of the Bank should weaken the yen is past one week, us $ / yen 3 was completely erases reaches new year lows. Japan currency war fighting? first.

Households trust: Tuesday 17: 00 issued. This broad survey 5000 home or / 42. 4 points and disappointed. Has done the past year this sentiment indicators are increasing, but so very slowly. Similar results are now – is expected to 43.9 points. Core machinery orders: Tuesday 23: 50. This industry-related figure, despite the strong volatility in yen, influencing strong tends to be. After you drop 9% three months ago plunged 8.8% last month. Is now the expected decrease of 3.7%, but economists are missing out on this figure. Revised industrial index: Friday 16: 30. In the first release according the industrial output drop of 0.3%, 3 months consecutive. This expectation gap figure is probably confirm final release. Note that last month – from saw the rise and fall of important revisions.

All times are GMT.

Technical analysis of u.s. dollar / Yen

At the beginning of this week, us $ / Yen yet, pair () is in last week's Outlook mentioned 82. 82, year 3 enable the intense resistance after fell poor 83 16 83 16 is struggling. Dollar / Yen has continued to decline, and low 81... 72 before closing 81. 90.

82. 87, Works now as a resistance line, and then played role opposite advance 83 16.

More support in recent weeks, is 84. 11, resistance line. 84.72, Continue after it is minor support contacts working in February.

High line 85... 90 $ / yen, is the peak reached after the intervention. 86. 35 July to support contacts and then switched to the resistance. It is... 86 88 worked as a support for earlier in the followed closely. March was in the last line 88. 10 now, support, and then worked as the resistance is.

Looking down the past provides rapid support for fresh 15 year low 1-week 81. 72. Ago round 80 here back in the 1990s 80... 43 lowest point, and support is the next line.

I in neutral to the u.s. dollar and yen.

It at least level percentage less after the Bank seems to have another fire intervention. "Currency war" in the current situation is fire out now in China. Dollar / Yen is likely continue this week mixed.

Bibliography.

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Tags: core machinery orders, for home, industrial production, M2 money supply, and u.s. dollar / Yen technical analysis