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JPY Mid-day Analysis

While we suspect that the Yen will see some pressure off the US non-farm payroll results later

The US Dollar remains in clear cut vogue relative to a long list of currencies and

King Dollar is regaining its footing again, energy and commodity prices remain weak and

Fresh disappointment from UK numbers overnight, ongoing weakness in energy prices and

Today’s highlights: EURUSD’s bounce remains seen as corrective ahead of a resumption of

EUR/USD has broken the strong support areabetween 1.2755 and 1.2662, confirming anunderlying bearish trend.

The major currencies have drifted sideways ahead of US payrolls. EURUSD is at 1.2655,

EURUSD: The correction case gained some more credibility yesterdaywith 1) a second day

US non-farm payrolls take centre stage. We expect a rise of 250k, higher than theconsensus estimate of 218k.

European equity prices plunged yesterday, as Draghi’s message did not sound as dovish as many were hoping.

Following fresh 8 month lows Tuesday that saw gold come close to the 2014 low,

The pair started today’s trade at $0.8803 after easing off a $0.8827 high during the US session last night.