Forex: JPY

The Japanese yen weakened against the Australian dollar (AUD/JPY) and the British pound (GBP/JPY). The move came on remarks by a ruling-party member of the Japanese Diet saying that the yen should be devalued to help beat deflation.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
AUD/JPY ¥85.44
GBP/JPY ¥141.92

AUD/JPY You are here

• Reversal
• ¥87.53, +2.5%
• Now ¥85.44
• Reversal
• ¥81.70, -4.4%
• ¥79.18, -7.3%

GBP/JPY You are here

• Reversal
• ¥145.04, +2.2%
• Now ¥141.92
• Reversal
• ¥140.94, -0.7%
• ¥134.53, -5.2%

Note that both of these pairs have marginal average index readings: 22 for AUD/JPY, and 20 for GBP/JPY. So they're prone to whipsaws.

These signals will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.

Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic

Exchange-Traded Fund Symbols:
EEM - emerging markets
EUR/USD - euro/dollar currency pair
GLD - gold
JNK - high-yield corporate bonds
SPY - blue-chip stocks
TLT - Treasury long-term bonds
USD/JPY - dollar/yen currency pair
USO - crude oil
VIX - fear index

About the glance: The colors indicate the state of each signal.

• trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
• adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.

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