Tag Archives: JPY
Bigger crises have had more innocuous beginnings
– Watch for any breach of the ‘the firebreak’ that exists between large C/A deficit and surplus countries.
JPY Mid-day Analysis
The September Yen has been the main beneficiary of this week’s risk aversion mood, and has already recovered a sizable portion of last week’s pullback during the last 18 hours of trading.
JPY Mid-day Analysis
The September Yen was able to bounce back from overnight pressure and avoid posting a fresh 3-week low, but has seen little upside follow-through early this morning.
The Week Ahead in FX
In the week ahead, investors will be looking ahead to revised data on U.S. second quarter growth, as well as reports on the housing sector and consumer confidence.
Weekly Economic & Financial Commentary
U.S. Review Signals of Stronger Growth and Fed Tapering • Existing home sales rose more than expected in July,
JPY Mid-day Analysis
The September Yen continues to find significant pressure late this week, and may be showing early signs of starting another downside leg during the near future.
JPY Mid-day Analysis
The September Yen remains under severe pressure this morning, and has already fallen below last week’s lows during today’s session.
JPY Mid-day Analysis
The September Yen is finding moderate pressure this morning, and after filling in the chart gap up to the 103.21 area has been unable to hold above the 103.00 resistance level.
JPY Mid-day Analysis
The September Yen was showing considerable strength during the overnight session, but has given back a sizable amount of those gains coming into this morning’s trading.
JPY Mid-day Analysis
The September Yen has seen the most volatile price action of any major currency early this week, and has fallen well below the overnight highs to post sizable losses this morning.
The Week Ahead in FX
In the week ahead, investors will be looking ahead to Wednesday’s minutes of the Federal Reserve’s most recent meeting,
FX SENTIMENT REPORT
EUR NET LONG RISES; AUD HIT BY SHORT COVERING • USD net long narrows to $16bn as traders narrow their short AUD position and add to their net long EUR position.