Japanese Yen (Jpy) monthly forecast from 14/July/10

Prediction Date: 14-Jul-2010 . Forecast confidence level = 80 percent.
1 Jpy is likely to buy:

Currency	current_value	minimum	maximum
Jpy/Usd	0.0113	0.0108	0.0120
Jpy/Aud	0.0128	0.0120	0.0140
Jpy/Chf	0.0119	0.0119	0.0120
Jpy/Inr	0.5282	0.5163	0.5488
Jpy/Cny	0.0767	0.0751	0.0792
Jpy/Brl	0.0199	0.0197	0.0203
Jpy/Gbp	0.0074	0.0070	0.0081
Jpy/Nzd	0.0157	0.0147	0.0172
Jpy/Cad	0.0117	0.0114	0.0122
Jpy/Zar	0.0852	0.0840	0.0885
Jpy/Eur	0.0089	0.0084	0.0096

Or in a more familiar 'inverted format' , the above values become:

Currency	current_value	minimum	maximum
Usd/Jpy	88.3750	82.1254	92.8253
Aud/Jpy	78.0174	70.6950	83.7842
Chf/Jpy	83.8075	81.8321	84.4761
Jpy/Inr	0.5282	0.5140	0.5532
Cny/Jpy	13.0404	12.4797	13.3607
Brl/Jpy	50.2188	48.6023	50.7614
Gbp/Jpy	134.8868	122.6276	143.6455
Nzd/Jpy	63.8863	57.5257	68.6363
Cad/Jpy	85.6596	81.1355	88.7346
Zar/Jpy	11.7342	11.3108	11.9756
Eur/Jpy	112.7488	103.1692	120.0370

Technical Levels

The plot below shows the likely resistance and support levels. The current value, at the time the forecast was made, is shown by the red line.

Forecast Histogram

The plot below shows the likely distribution of values over the forecast period. The current value, at the time the forecast was made, is shown by the red line.

My Thoughts

The Yen does not have a lot of strengthening/upside remaining (versus the Usd). It could therefore, in the near future, weaken from its current levels. Since the pair is inverted weakening means the Usd/Jpy value should go towards the 90 level.

Source | The Currency Forecasting Blog (CFB) | http://currency-forecasting.blogspot.com/2010/07/japanese-yen-jpy-monthly-forecast-from.html