Tag Archives: EUR/JPY
Market Analysis
GBP – failure to extend recovery off $1.5560 back above $1.5590 sees rate slip back to $1.5570, while the cross again meets demand around the stg0.8340 level with it extending its recovery off earlier lows at stg0.83295 to challenge resistance between stg0.8345/50.
Asian Market Summary
Regional markets are higher as an above-view reading of China’s official December PMI Sunday and gains in European bourses Monday boost investor sentiment; the S&P/ASX is +1.1%, the HSI is +2.1%, the Kospi is +2.7%, the Taiex is +1.5%, the Sensex is +2.0%, and the STI is +1.2%. Markets in Japan, China, New Zealand and […]
Better Asian PMIs lift risk appetite as 2012 kicks off in earnest
Markets opened with a sputter Monday with only mainland Europe open for business. Those equity markets that were open rallied between 2-3% but the EUR still remained soft in thin trading with EURJPY pushing strongly through the 100 mark to hit a new all-time low just below 99.50. Other risk currencies fared better with AUDUSD […]
New EURUSD lows: Italian auction or end of month/year fixing?
After several days of catatonic market “action”, volatility perked up yesterday and today with the Italian bond auctions and probably also due to an early start to end of month/year fixing flows in thin markets.
USD/JPY ANALYSIS
Opened in early Europe at Y77.79 and Y101.64. Japanese officials also reiterated that Japan would not change its stance on intervention in FX markets and would take appropriate action when needed, despite a US Treasury report that the US didn’t approve of the recent MOF actions in the market.
ASIAN SUMMARY
Regional markets are lower as continuing concerns over the debt crisis in Europe outweigh any boost to sentiment from improved consumer confidence data in the U.S. The Nikkei falls 0.3%, the S&P/ASX declines 1.2%, the HSI slips 0.8%, the Kospi falls 0.9%, the Sensex declines 0.7% and the Shanghai Composite loses 1.1%.
MARKET ANALYSIS
EUR/USD – Side-ways move in last 3 sessions suggests the price would move inside the range of 1.3017-1.3120. On the downside, a daily close below 1.3017 would yield re-test of 1.2945. On the upside, above 1.3130/40 would extend gains toward 1.3199.
MARKET ANALYSIS
EUR/USD: As long as 1.3199 (reaction high from 1.2945) holds, downtrend from 1.4940 may resume later this week and a daily breach of 1.3000 would re-test of 2011 low at 1.2860. But as daily indicators would display ‘bullish convergences’ on next decline, support at 1.2774 would contain weakness.
USD/JPY ANALYSIS
Opened in early Europe at Y77.97 and Y101.43 – USD/JPY continued to be ignored by the markets in Asia as the run up to the Xmas holiday continues.
EUR/JPY ANALYSIS
The EUR/JPY confirmed a negative weekly closing while remaining however interior the range of the previous week. We have therefore 106,05 – 102,65 the levels to follow in the coming hours/ sessions.
EUR/JPY ANALYSIS
The EUR/JPY confirmed a weak closing below the lows of the last few sessions suggesting further possible weakness. Only a daily closing below 102,48 will however confirm lower levels suggesting a retest of the 100,76 area!
EUR/JPY ANALYSIS
The EUR/JPY confirmed a further session of consolidation confirming the previous day’s closing. It shows good support at 103,60 but also very good resistance above the 104,20 area that is limiting the upside.