Tag Archives: USD/JPY
The Global Macro Pulse
USDJPY has risen to 101.47, but the dollar failed to sustain an attempt to rally against the AUD and EUR.
FX Daily
EU foreign ministers are meeting today to decide on further sanctions againstRussia following the MH17 crash. In particular UK’s Cameron is pushing foradditional sanctions.
Daily Market Technicals
Bulls take a little comfort in support having developed at $1.3513 Monday but layers of resistance remain $1.3549-87.
USD/JPY Analysis
Japanese markets re-opened today after a long weekend and JPY started around Y101.40 this morning.
Short-Term Trading Strategies
EUR/USD is still trading at the low end of its recent range, and a test of the critical 1.3500 support proved to be short lived.
USDJPY – extension targets align at 101.80 pivot high for n/t rally
The downtrend (channel) from 102.80 is still intact but a higher low is now in place above 101.07 as last week’s decline halted 2 pips above.
Daily FX Update
A cautious but calm start to week with soft equities, U.S. 10yr yields at 2.48%, and a rise in the USD.
FX Daily Majors
Today’s highlights: URUSD needs to remove the 1.3477 low for the year to confirm a large bear “wedge”.
Daily Technical Report
EUR/USD made an intraday bullish reversalnear the key support at 1.3503 (see also thelong-term rising trendline from the July 2012low) on Friday, favouring a short-term bounce.
The Global Macro Pulse
With Japan closed today, trading in FX markets was thin. EURUSD crept slightly higher to 1.3533, USDJPY is marginally lower at 101.26, and AUDUSD is flat at 0.9393.
USDJPY – above 101.44 clears a path for 101.80; 101.07 critical support
We’ve discussed the long-term outlook for $jpy but lets refresh one more time. Our base case is that the pattern from January is a bull triangle and wave-E is done at 101.07.
Daily Market Technicals
EUR/USD took out the previous key support region noted $1.3503-12 before bouncing from ahead of the 2014 low.