Forex Analysis

USD/JPY Analysis

The pair started the day at Y114.37, well above Friday’s post-payrolls low of Y114.25 and

There is a popular perception that the Bank will use this Wednesday’s FSR to announce the removal of its loan-to-value-ratio (LVR) restrictions.

Three key developments have informed our latest thinking: the recent commodity price down turn,

The EURUSD is close to important support levels – only if fails,

The market continues to build its bullish USD position, drivingthe net position to a fresh high of $45.7bn;

European central banks less surprising than the BoJ. As expected, the ECB did not launch a full-scale QE and

The Euro was done few favors with this morning’s German economic data,

This morning’s Swiss economic data provided few surprises to the market as an in-line Unemploymen tnumber

The Yen remains on the defensive this morning, but was able to avoid reaching a new low before this morning’s US jobs data.

The Dollar was able to extend its recent upsurge to a new multi-year high overnight,

The Canadian will have to run the gauntlet of Employment data from both sides of theUS/Canada border this morning and

The Pound made a brief move below the 1.5800 level in the wake of this morning’s UK Trade Balance data,