Tag Archives: USD/JPY
USDJPY – targeting 101.80/86 to complete initial 5-wave rally
Yesterday our focus was on a break of “101.56 to promote strength and a continuation to 101.86”.
FX Daily
Focus on central bank speeches with ECB’s Coeure and Fed’s Fisher but mostimportant will be Fed chair Yellen’s testimony.
Daily Market Technicals
EUR/USD is hovering around the $1.3564 support but appears to have done enough to confirm a break of the triangle base with
USD/JPY Analysis
A relatively quiet session for the JPY this morning, with dollar-yen starting the day at Y101.68 and
Daily FX Update
The USD is strong (except against GBP) leading into to Chair Yellen’s semi‐annual testimony but market moves have generally been limited.
Daily Technical Report
EUR/USD rose yesterday but failed to holdmost of its gains at the end of the session. Abearish bias is favoured as long as prices remainbelow the resistance at 1.3664 (03/07/2014 high).
FX Daily Majors
Today’s highlights: GBPUSD’s break of key near-term support at 1.7095/85 sets a minor top, which should allow a deeper setback to 1.7008/1.6998.
We stay USD long
The message from the June FOMC statement and minutes and from Yellen’s July 2 IMF speech has been that the Fed is in no hurry to begin the rate hike process, notes BNP Paribas.
The Global Macro Pulse
G10 FX rates are little changed from New York levels. The RBA minutes generated no meaningful movement in AUDUSD,
Daily Market Technicals
The consolidation within the recent $1.3576-1.3651 region has seen a triangle develop on the dailies.