USDJPY and JPY Crosses. Storm Clouds Gathering….

USDJPY and JPY Crosses. Storm Clouds Gathering….

A quiet end to the week in Asia, but the storm clouds seem to be gathering a point technical view on JPY Crosses.

Asia certainly has a "Friday" feel about it today. G-20 this weekend, BOJ and FOMC next week. Moreover, the most important for the Kiwi, the start of the Super 18 play-offs tonight rugby, have combined to leave Asia in a wait and see mode through the markets as the week winds down.

The most interesting next week is clearly the Bank of Japan pumped with street for announcements of additional large stimulus packages and quantitative easing. The street was awash with gossip of 20 trillion Yen packages and helicopter money.

USD / JPY hourly

There may be a positioning indication USD / JPY when the "helicopter no money" title was released BOJ Kuroda yesterday that USD / JPY quickly dropped 180 points in 30 minutes. When the Nikkei newspaper suggested this morning that the package could be as high as 30 trillion JPY, USD / JPY jumped to 106.20 before drifting to its lowest around 105.80.

looking at the hourly chart the recent highs at 106.20 coincide with the moving average of 100 hours. low multiples around 105.60 / 65 and the moving average 0 hours to 105.45 form initial support with a break opening of a deeper correction.

USD / JPY Daily

The daily chart is even more interesting with USD / JPY drawing a day outside reversal yesterday. IE make a new high, then closing at a new low, and then the day before.

ichimoko the cloud base daily for the 106.55 resistance first with 104.80 double bottom support.

AUD / JPY Daily.

Looking equally spectacular to end the week. Another day outside reversal yesterday (Engulfing Bearish for the purists). The cross was unable to maintain even yesterdays low. With the first significant support cloud base at 78.15. The RBA is widely expected to cut next week. With the potential relief positions / JPY long XXX and / or BOJ disappointment, there is significant potential for a decent technical downside movement. A break of 81.00, the cloud top and 100 day moving cancels the average.

Interestingly OANDA Labs AUDJPY long position continues to be high at 63.45% and behind GBPCHF XAGUSD.

The comprehensive overview of the ratios long / short and other analyzes is available here .... https://www.oanda.com/forex- trading / analysis / open-position ratios

NZD / JPY Daily

a similar picture to the above the fall of the cloud and low recent test. Resistance 74.35 cloud base and cloud top 74.85 and the moving average of 100 days. Again, it is all about the Bank of Japan next week but if the RBA has been cut, the RBNZ is a done deal to cut the week after.

TRY / JPY weekly

Is this the worst carry trade in the world? For most of the past 18 months, the currency pair with one of the best fictitiously differential ported to the world has lost a huge 39.39%. (See blue box on the graph) With the political uncertainty in Turkey continue, it is very tactical, or the very brave!

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