Forex Analysis

USD/JPY Analysis

The pair opened at Y104.07 this morning and ran into early selling from Asian accounts which triggered a fairly sharp drop to Y104.03.

The Euro has found some support overnight in the wake of the disappointing economic report flow fromthe US on Monday.

With the Euro showing some modest recovery action overnight it would appear that the Swiss and

The Yen has also managed to respect what appears to have become technical support on the charts.

Not surprisingly the Dollar is on the defensive in the wake of slack US data flows on Monday.

Reports of another US corporate inversion into Canada, disappointing US data on Monday and

With the US posting some weak data yesterday, some of the macro-economic differential pressure on

The NBH on hold for the first time after many rate cuts The National Bank of Hungary holds rate setting meeting today at 14.00 CET.

Since the USD turned in early July, Asian FX has been outperforming other currency blocs.

The dollar weakened slightly in Asia. Although AUDUSD fell to 0.9298, possibly in partial response to

rowing hopes the ECB will to do more pressured yields to new lows once more in Euro area.

Focus is expected to be on the Ukraine crisis once again, as there is an event inBelarus’s capital Minsk, where top officials from