Yen Series...

[TradeCuts 10]

Hi Everybody,

Starting today until Friday we bring for you one new Yen pair everyday. Each day we will update the previous day's pair. For today, its technical analysis on Eur/Jpy.

So all you Yen lovers... stay tuned !!

Yours Technically

TradeCuts.

 

P.S: I will be posting a new pair under this thread each day.

[TradeCuts 10]

After yesterdays success with the Eur/Jpy pair where both our Take Profits were hit giving us +150 pips,the Yen pair for today is the Aussie-Yen.

The overall out look is for a stronger Yen.

Best

TradeCuts

[TradeCuts 10]

The dollar pushed higher against the yen on Wednesday as market sentiment was supported by hopes that a solution on a bailout deal for Cyprus would be found. Aussie-Yen didn't do very well yesterday and hit our stop loss giving us around 65-70 pips loss.

Todays Yen pair is GBP/JPY and technical analysis says outlook is a neutral to strong yen.

If you take this trade let us know how it works out for you.

Yours Technically,

TradeCuts.

[TradeCuts 10]

A fantastic day yesterday with 100% success rate with Yen pairs. Here's a look at the Before & After Chart for Gbp/Jpy for 21st March

Best

TradeCuts

[TradeCuts 10]

Yens kept their Bullish outlook but are losing momentum as corrective move remains pending. At current price JPY pairs are expected to go for correction. For Intraday traders keep your Shorts Short .

Detailed technical outlook on Eur/Jpy shown in the chart below.

Best

TradeCuts

[TradeCuts 10]

Yen pairs remained sideways as they tested near by support and resistance and kept within range. Current price action is at strong support in most pairs, expect JPYs pairs to mostly stay in range with bias towards weak Yen.

Our outlook for Aud/Jpy is Long & A look at the detailed technical chart.

[TradeCuts 10]

Quoting from Bloomberg.com " Interest rate swaps are signaling the Bank of Japan will lag far behind the Federal Reserve in ending record stimulus, adding pressure on the yen to weaken." Some of the valid points mentioned in the article are:

 

**The slide in borrowing costs shows investors are confident BOJ Governor Haruhiko Kuroda will maintain record stimulus even as the Bank for International Settlements warns global monetary authorities to avoid delaying an exit from emergency policies.

**“Exit in Japan is far, far away,” Yusuke Ikawa, a rates strategist in Tokyo at UBS AG, said.

At TradeCuts, we keep a keen eye on all these developments along with a strong look on technical analysis. As of now, we have two trades open in the YEN pairs: CAD/JPY and CHF/JPY. Here's a look at the trades which are entered with stop loss and take profit in place. Trailing stop loss is used to lock in profits.