Tag Archives: USD/JPY
Daily FX Update
Markets are quiet leading into the NA session that will kick off earnings season with the release of Alcoa’s earnings.
FX Daily Majors
Today’s highlights: USDCAD has found renewed buying at support at 1.0612/00, and we continue to look for a base here.
Daily Technical Report
EUR/USD made a bullish intraday reversalyesterday, suggesting a potential short-termbounce. Hourly resistances stand at 1.3621(intraday high) and 1.3664 (03/07/2014 high).
The Global Macro Pulse
G10 FX was mixed, with AUD rising to 0.938 on improvement in NAB business survey, while CAD continued to weaken by another 0.2%.
FX Daily
A fairly light calendar again. In Europe the most interesting releases are Maymanufacturing production in the UK and foreign trade data for May in Germany.
Daily Market Technicals
EUR/USD remains capped ahead of $1.3611 with bulls now looking for a close above this level to ease bearish pressure a little.
USD/JPY Analysis
The pair opened at Y101.86 this morning and was held to a Y101.85/90 range in early dealings before drifting lower.
FX Trading Ideas to Play This Week
RBS is out with a note outlining some tactical FX trading ideas to play this week.
USDJPY – a-b-c retracement to just above support at 101.91/88
Yen did realize a move through channel resistance and to 102.17 as posited; this rally appears to have marked the expected wave-3 high.
Daily FX Update
Markets are relatively quiet leading into the week; equities are soft, two‐year yields are up to 0.51%, the USD is mixed but relatively quiet.
Daily Technical Report
EUR/USD has broken its short-term risingchannel after having stopped near the 38.2%retracement of its previous decline. A falltowards the support at 1.3503 is likely.
FX Daily Majors
Today’s highlights: EURUSD stays bearish for 1.3513/03, and ideally key support at 1.3487/77. Below here can confirm the expected large bear “wedge”.