I think it may even reach 111.00 and break out above that level.

USD/JPY Discussion

USD/CAD is very bearish. I think the move to the downside will continue and the closest target is around 1.2415 - 1.2400.

USD/CAD

USD/JPY broke out below 108.60 after all. The pair continues depreciating and I think it will soon reach 108.00.

USD/JPY Discussion

The news didn't cause the breakout I was expecting, but the pair did form a bullish spinning top bar on the W1 time frame at 108.60 so we might see a new move to the upside.

USD/JPY Discussion

USD/JPY is testing the resistance of the range it is developing in at 109.80. Depending on the news a possible breakout could lead to a rally to 110.90 - 111.00.

USD/JPY Discussion

USD/JPY is developing within a relatively tight a range between 108.60 and 109.80. I think that development will continue until Janet Yellen's speech tomorrow at Jackson Hole.

USD/JPY Discussion

USD/JPY pulled back from 109.80 and for the moment is at the support at 109.30. I think the drop will continue at least to 109.00.

USD/JPY Discussion

USD/CAD is at a support at 1.2545. I think that the bullish inverted hammer bar it has formed on the D1 time frame is a good signal for a rebound from that level.

USD/CAD

USD/JPY rebounded from 108.90, but I think that the scenario for a drop to 108.10 - 108.00 is still valid. I have a short position that I have not closed yet.

USD/JPY Discussion

It's possible. However, I think if it breaks out below 109.00 it will reach 108.10 - 108.00.

USD/JPY Discussion

At the support on the H4 time frame at 109.65 there is a bullish bar, which is a signal for a rally, which has already begun and I think it will reach at least 110.50.

USD/JPY Discussion

USD/JPY has almost reached the resistance at 111.00. Let's see what effect the FOMC meeting minutes announcement today will have on the pair.

USD/JPY Discussion

I think that if USD/JPY breaks out above 110.40 the next target to the upside will be 111.00. And, if the pair breaks out above that level too we could consider a possible trend reversal to the upside.

USD/JPY Discussion

I agree, USD/JPY is forming a correction to the upside for the moment. I think it may reach 110.00 again, especially if there is a breakout above 109.80.

USD/JPY Discussion

USD/JPY dropped to 108.90 and although it has formed a double bottom at that level on the H1 time frame which could lead to a temporary correction I think the overall bearish trend is far from over. The point being, I don't think I'd open a buy yet.

USD/JPY Discussion

Despite the brief correction yesterday USD/JPY is moving to the downside again. I still have a short position open and I don't intend to close it for now.

USD/JPY Discussion

USD/JPY did reach 109.84 as I thought it would. If it continues falling I think next target will be around 109.00.

USD/JPY Discussion

I thought that the rally would continue, but USD/JPY did move to the downside after all. I think next target is the last local low at 109.84.

USD/JPY Discussion

USD/JPY is range-bound again after the rally caused by the NFP last week. Despite the range, however, the pair is still bullish and I expect another rally to 111.20.

USD/JPY Discussion

The range is getting tighter and tighter before the NFP. I recommend caution, once the news come out there will be a lot of volatility. Personally, I am not opening any positions before the news.

USD/JPY Discussion