Forex Analysis

JPY Mid-day Analysis

A fresh lower low in the Yen suggests that safe haven interest in

While the Dollar initially managed a fresh higher high for the move off fresh stimulus from China,

Tight coiling action in the Canadian highlights a lack of dominating

The Pound lost its pro-growth, pro-recovery edge in the middle of last week,

The USD gained ground at the start of the week. USDJPY attempted to test 120.

In the euro area the preliminary German consumer prices released

In Asia this morning, the Nikkei (+0.2%), Hang Seng (+0.3%) and

The pair closed Friday in NY at $1.5438 after rate had recovered off an intraday low

The pair opened at $0.7844 in Sydney this morning, up from a Friday close in

The EUR/USD opened at $1.1191 this morning after a $1.1176 to

USD/JPY opened the week Y119.59 barely changed from Friday’s close in New York

The recent rally is likely to extend this week. We target the 0.7610-0.7620 area