Tag Archives: JPY
Mid-Day FX Market Analysis
EUR – Euro-dollar took out stops through $1.3155 and $1.3170 to print highs of $1.3202, but with lack of follow through pared light gains to close in NY Tuesday at $1.3180.
Daily FX Update
– USD is weak, retracing some of yesterday’s strength. – Gold’s 15% two session collapse suggest unease with the economic outlook, vulnerable markets & limited ability for the Fed to taper QE.
FX Daily Strategist: US
Japan Lifer Plans don’t signal a big investment shift so far; Weekly MoF data eyed USDJPY fell from 98.00 to below 96.00 in early Asian session. However, spot has already recovered all its losses.
US Market Analysis
USD: The Dollar could not sustain a recovery from overnight pressure and is posting moderate losses this morning,
FX Daily Strategist: Europe
Plunge in risk sentiment lifts USD Risk sentiment improved slightly in Asia following sharp risk-off trading session overnight.
Daily FX Update
– USD is strong as gold collapses, China’s growth disappoints and the US Treasury suggests it is monitoring Japan closely.
US Market Analysis
USD: The Dollar was able to rebound, although clearly underperforming the Yen as a safe-haven destination at the start of this week.
FX Daily Strategist: US
A risk-averse start to the week on Chinese data JPY should continue to remain well supported, with the commodity currencies on the defensive following surprisingly weaker Chinese data over Q1.
FX G10/EM Morning Trader Views
EUR – Awash of any real direction or impetus in the headline pair for now, 1.3020/1.3150 framed us for most of last week with lots of bullish recommendations circulating with EURJPY
CFTC: CAD net-short and NZD net-long both in new record highs
Money managers were net-sellers of dollars during the week ending April 9 according to the latest weekly data from the CFTC.
The Week Ahead in FX
The USD tumbled against the JPY after official data showed that US retail sales fell 0.4% in March, the largest decline in nine months and missing expectations for a 0.1% increase.
Bank of Japan easing is a market driver
Market movers ahead – In the US, the housing market will be in focus with the release of the NAHB housing index, building permits and housing starts.