Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

USD/JPY Price Analysis: Greenback vulnerable below the 110.00 figure vs. yen

  • USD/JPY is breaking down from a rising wedge pattern. 
  • USD/JPY is set to decline to the 109.55 level. 
 

USD/JPY daily chart

 
USD/JPY is retracing down after the January spike near the 110.00 figure above the main simple moving averages (SMAs). The spot is pulling back down from its highest point since mid-May 2019. 
 

USD/JPY four-hour chart

 
USD/JPY is breaking down from a rising wedge formation while trading above the 100/200 SMAs. Sellers are putting the 109.85 support under pressure below the 50 SMA. If the 109.85 level is taken out, the sellers could lead the market down to the 109.55 level, according to the Technical Confluences Indicator. Resistance is seen at the 110.05 level. 
 

Additional key levels

 

Poloz speech: Effect of new tax cut is equivalent to about 0.1% economic growth

Bank of Canada (BoC) Governor Stephen S. Poloz and Senior Deputy Governor Carolyn A. Wilkins are now responding to questions from the press following
Read more Previous

Poloz speech: Any decision on possible rate move will not be mechanical

Bank of Canada (BoC) Governor Stephen S. Poloz and Senior Deputy Governor Carolyn A. Wilkins are now responding to questions from the press following
Read more Next