Forex Analysis

USD/JPY Analysis

The pair opened the Asian session at Y116.41 after a NY trading range of Y115.56-117.60.

The annual current account deficit was 2.6% of GDP in Q3.

A fresh upside breakout in the Euro is justified by short covering action following

Like the Euro, the Swiss is getting what appears to be a temporary technical benefit from

Until the Dollar finishes its slide into the FOMC statement,

The Dollar is showing some weakness this morning as the ever present

Eventually the Canadian is going to be a value and the bull camp has to

The Pound has not been able to benefit from the slide in the Dollar because

Among the G10, the JPY outperformed, rallying to 117.43 vs. the USD.

The pair ended NY session at $0.8211 after having traded a $0.8201 to $0.8206.

In the euro area we expect higher PMI figures,

German yields tried to rebound higher yesterday, but renewed falls in equity markets bought the bid back to