Forex Analysis

JPY: Weaker vs USD

BOJ action of any kind doesn’t look imminent. The BOJ did downgrade its assessment on exports at its meeting in August but

With a fresh new low for the move overnight the Euro is obviously out of favor and headed to lower levels.

Fresh Russian sanction threats are hanging on the Swiss and Euro at the start of the new trading week and

The bottom has fallen out of the consolidation zone and has suffered significant damage.

Dollar virtually exploded to new highs for the move early this morning on talk of rising US ratesand perhaps because

Like the rest of the non-dollar currencies, the Canadian is under pressure because of

A distinct failure and reversal overnight shifts the technical picture in the Pound in favor of the bear camp.

CEE currencies little weakened after low PMIs CNB does not plan monetary tightening before PPI rises

The dollar rallied across the board in early Asian trading, led by USDJPY,

Focus will be on the US ISM report. Last month’s report came out very strong,reaching a three-year high level of 57.1.

German bond yields edged a bit lower yesterday, but the moves were limited and trading volumes depressed by the US holiday.

The pair closed at what would normally be the end of the NY session Monday at $0.9331 after having traded a $0.9318-52 range to