【Fundamental × Technical Feature ⑥】USD/JPY: Chart Analysis
【Feature: Fundamentals × Technical】
Find the optimal solution to interpret the market!
This time we approach the market from both fundamentals and technicals. Analyzing major countries and major currency pairs from multifaceted information and perspectives, we will uncover hints to discover the best solution for facing the market. Additionally, we will pick up notable individual stocks, cryptocurrencies, and commodities to provide a comprehensive wrap-up of 2020 market activity.
In fundamentals, we will have Yenzo (YEN蔵) provide the outlook for stock indices and currencies, and in technicals, Yasushi Yamanaka (山中康司) will share the long-term perspective for major currency pairs; both will include analyses from currency market professionals!
・② Dollar: United States' situation
・④ Pound: United Kingdom's situation
・⑤ Australian dollar: Australia’s situation
・⑥ USD/JPY: Chart analysis ←This article is here
・(11) AUD/USD: Chart analysis
・(12) Market beyond currency pairs (NASDAQ & GAFA, crypto assets & commodities)
※This article is a reprint/edit of FX攻略.com’s March 2021 issue. Please note that the market information in the text may differ from the current market.
YEN蔵 Profile
Having worked for US-based Citibank, UK-based Standard Chartered Bank, and other foreign banks as a foreign exchange trader for over 20 years. Currently active as a top professional trader handling forex, Nikkei 225, Nikkei options, and individual stock transactions. President of ADVANCE Co., Ltd., which specializes in investment information distribution.
Newsletter:YEN蔵 Real Top Trading
Blog:YEN蔵's FX Investing Techniques - Investing in the world with dollars, yen, euros, pounds, and AUD
Twitter:https://twitter.com/YENZOU
Yamanaka Yasushi Profile
Director at Ascendant. Joined Bank of America in 1982, became vice president in 1989, and proprietary manager in 1993. 1999 became head of the FX funds department at Nikko City Trust Bank. 2002 founded Ascendant Co., Ltd.
Official Blog:FX information distribution site provided by Ascendant/Yamanaka
Twitter:https://twitter.com/yasujiy
2020’s Yen strength is part of a long-term trend
After confirming fundamentals, let’s examine chart-based technicals. This time we asked forex analyst Yasushi Yamanaka to share long-term outlooks and key levels for each currency pair.
The USD/JPY has been gradually moving toward stronger yen since President Trump took office in 2017. The current dollar weakness can be used as a basis for trading once its direction is confirmed on the long-term chart.
Additionally, by narrowing the time frame a bit, review what the past year’s price action looked like in terms of highs and lows, support and resistance levels, trends, and the relationship between price and moving averages.
