Latest Forex Research

USD/JPY Technical Outlook

USD/JPY – BEARISH BIAS – (116.00-119.00).

This afternoon’s ANZ Business Outlook survey was fundamentally encouraging,

There has been a halving of the international price of New Zealand’s largest export

The NZD/USD is unchanged relative to its level yesterday morning (0.7870),

With the U.S. on holiday, celebrating Thanksgiving, markets are likely to be quiet,

EUR/USD continues to rebound after its successful test of the support at 1.2358.

Today’s highlights: USDJPY spotlight turns towards the price,

AUDUSD rallied to 0.8584 in response to a better-than-expected capex survey.

EUR/USD extends near-term gains towards 1.2602\15… USD/JPY could start accelerating a correctional move lower.

Last week’s interest rate cut in China raised speculation that the Chinese Yuan’s appreciation might be curtailed.

US markets are closed due to Thanksgiving.

Core bond yields edged further down yesterday. The German 10-year yield descended by 1bp to 0.74%,