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USD/JPY Analysis

Portfolio flow data reveals that Japanese investors were net buyers of foreign bonds for the week ending July 18 for the 2nd straight week but

EUR/USD has broken the key support areadefined by 1.3503 (see also the long-term risingtrendline from the July 2012 low) and

Strong retail sales. Continued increase in household lending.

EURUSD: Still ripe for a correction higher. A Jul1-24 bearish wave sequence may be completed (seen best with hourly observations).

Broadly, the USD is slightly stronger in Asia. Although EURUSD is flat at 1.3465, AUDUSD dipped to 0.9407 and USDJPY rose to 101.78.

Core bond yields rose on both sides of the Atlantic yesterday and curves bear-steepened,

Recent pressure on the 100-DMA has finally taken its toll with gold also taking out the rising daily trend

Late today the EU is set to publish a list of new names of individuals andorganisations affected by sanctions due to the Ukraine-Russia conflict.

Fresh 2014 and 8 month lows continued for the euro Thursday before the EUR/USD managed the first decent bounce this week.

The pair stepped into Asia Friday at $1.3464 and dealt within a tight range of $1.3462 to $1.3468 through the morning.

The recovery from ahead of the key 3124.6-3129.1 support region continued Thursday with

The pair traded slightly heavy in Asia on Friday after a sideways morning ran into some profit-taking on AUD/NZD and