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    USD/JPY still under pressure

    © Dukascopy Bank SA
    "Right now position, data flow and policy comments are working against USD, so even committed longs are trimming positions."
    - CitiFX (based on CNBC)

    Pair's Outlook
    On Thursday, the USD/JPY currency pair slid for the fifth consecutive day due to an increase in unemployment claims in the US. The Greenback experienced some volatility, but in the end there was only a seven-pip decline. Today the Buck is likely to fall deeper and cross the 119 level, while closest support rests down at 118.58, represented by the Bollinger band. Meanwhile, the technical studies are emitting mixed signals on the daily time-frame.  

    Traders' Sentiment
    The share of longs retreated to its Wednesday's level (74%). At the same time, the portion of purchase orders increased two percentage points, 57% of commands are now to acquire the US Dollar.

    © Dukascopy Bank SA

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