Price is below Ichimoku cloud/kumo for primary bearish to be continuing trying to break 101.66 support level on D1 timeframe.
If not so we may see the ranging market condition within primary bearish on D1.
UPCOMING EVENTS (high/medium impacted news events which may be affected on USDJPY price movement for this coming week)
2013-03-03 01:45 GMT (or 02:45 MQ MT5 time) | [CNY - HSBC Final Manufacturing PMI]
2013-03-03 13:30 GMT (or 14:30 MQ MT5 time) | [USD - PCE]
2013-03-03 15:00 GMT (or 16:00 MQ MT5 time) | [USD - ISM Manufacturing PMI]
2013-03-05 13:30 GMT (or 14:30 MQ MT5 time) | [USD - ADP Non-Farm Employment Change]
2013-03-05 15:00 GMT (or 16:00 MQ MT5 time) | [USD - ISM Non-Manufacturing PMI]
2013-03-06 13:15 GMT (or 14:15 MQ MT5 time) | [USD - FOMC Member Dudley Speech]
2013-03-07 13:30 GMT (or 14:30 MQ MT5 time) | [USD - Non-Farm Employment Change]
Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on USDJPY price movement
SUMMARY : bearish
TREND : bearish
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.03.01 15:01
USDJPY Fundamentals (based on dailyfx article)
Fundamental Forecast for Japanese Yen: Bullish
newdigital, 2014.03.02 13:23
Forex Fundamentals - Weekly outlook: March 3 - 7
The U.S. dollar ended the week lower against most of the other main
currencies on Friday after data showed that U.S. fourth quarter growth
was revised lower, adding to worries that the Federal Reserve may slow
the pace of reductions to its stimulus program.
Monday, March 3
newdigital, 2014.03.02 13:24
USD/JPY Fundamentals - weekly outlook: March 3 - 7
The dollar fell to two-week lows against the yen on Friday after data
showed that U.S. fourth quarter growth was revised down, while concerns
over tensions in Ukraine and a weaker Chinese yuan also supported safe
haven demand for the yen.
Monday, March 3
newdigital, 2014.03.05 14:31
2013-03-05 13:15 GMT (or 14:15 MQ MT5 time) | [USD - ADP Non-Farm Employment Change]
if actual > forecast = good for currency (for USD in our case)
ADP National Employment Report: Private Sector Employment Increased
by 139,000 Jobs in February
Private sector employment increased by 139,000 jobs from January to
February according to the February ADP National Employment Report(R).
Broadly distributed to the public each month, free of charge, the ADP
National Employment Report is produced by ADP(R), a leading global
provider of Human Capital Management (HCM) solutions, in
collaboration with Moody's Analytics. The report, which is derived
from ADP's actual payroll data, measures the change in total nonfarm
private employment each month on a seasonally-adjusted basis.
MetaTrader Trading Platform Screenshots
USDJPY, M5, 2014.03.05
MetaQuotes Software Corp., MetaTrader 5, Demo
USDJPY M5 : 12 pips price movement by USD - ADP Non-Farm Employment Change news event
newdigital, 2014.03.06 16:28
2013-03-06 13:30 GMT (or 14:30 MQ MT5 time) | [USD - Unemployment Claims]
if actual < forecast = good for currency (for USD in our case)
U.S. Weekly Jobless Claims Drop To Three-Month Low
In an upbeat sign for the labor market ahead of tomorrow's monthly
jobs report, the Labor Department released a report on Thursday showing
that first-time claims for U.S. unemployment benefits fell by more than
expected in the week ended March 1st.
The report said initial
jobless claims dropped to 323,000, a decrease of 26,000 from the
previous week's revised figure of 349,000. Economists had expected
jobless claims to dip to 338,000 from the 348,000 originally reported
for the previous week.
With the bigger than expected decrease,
jobless claims fell to their lowest level since hitting 305,000 in the
last week of November.
USDJPY, M5, 2014.03.06
USDJPY M5 : 31 pips price movement by USD - Unemployment Claims news event
newdigital, 2014.03.07 07:56
USDJPY Technical Analysis (based on dailyfx article)
newdigital, 2014.03.07 10:25
Trading the News: U.S. Non-Farm Payrolls (based on dailyfx article)
The U.S. Non-Farm Payrolls report may prop up the dollar as the economy
is expected to add another 150K jobs in February, and a pickup in
employment may instill a bullish outlook for the greenback as the
Federal Reserve is widely anticipated to discuss another $10B taper at
the March 19 meeting.
Time of release: 03/07/2014 13:30 GMT, 8:30 EST
Primary Pair Impact: EURUSD
Forecast: 100K to 150K
Why Is This Event Important:
However, the recent slowdown in economic activity certainly raises the
risk of seeing another weaker-than-expected NFP print, and a dismal
result may heighten the bearish sentiment surrounding the reserve
currency as it limits the Fed’s scope to normalize monetary policy
sooner rather than later.
How To Trade This Event Risk
Bullish USD Trade: NFP Increases 155K+; Unemployment Holds at 6.6%
January 2014 U.S. Non-Farm Payrolls :
USDJPY, M5, 2014.03.07
USDJPY M5 : 70 pips price movement by USD - Non-Farm Payrolls news event