Forex JPY Watch

The Japanese yen (JPY) showed Parabolic SAR bear signals this morning against three other major currencies: The U.S. dollar (USD), the euro (EUR) and the Australian dollar (AUD).

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
USD/JPY ¥93.12
EUR/JPY ¥124.40
AUD/JPY ¥86.28

News reports said the yen's rise was a result of news reports that China would revalue the yuan (CNY) slightly.


The yuan does not fluctuate freely against other currencies, a policy that has caused the United States government, among others, to accuse China of seeking unfair trade advantages through currency manipulation.

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The AUD/JPY was in the second day of a downtrend. The other two pairs have been declining for twice that span. AUD/JPY had also had a much more protracted rise.

USD/JPY You are here:

• Reversal 
• ¥94.78, +1.8%
• Now ¥93.12
• Reversal
• ¥92.12, -1.1%

EUR/JPY You are here:

• Reversal
• ¥127.92, +2.8%
• Now ¥124.40
• Reversal
• ¥121.41, -2.4%

AUD/JPY You are here:

• Reversal
• ¥87.51, +1.4%
• Now ¥86.28
• Reversal
• ¥81.70, -5.3%

This signal 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

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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