Tag Archives: USD/JPY
USD/JPY Analysis
JPY started at Y101.93 vs the dollar and at Y138.67 against the euro this morning and has generally been a touch firmer, while Japanese stocks hold a slightly offered tone.
USDJPY – break of 101.74/102.21 triangle range can offer clue to next leg
The upchannel from late May has suffered a second break but follow through to the downside is limited so far.
Daily FX Update
Markets are mixed reacting to China’s HSBC manufacturing PMI release of a seven-month high of 50.8 juxtaposed against a softer than expected Eurozone PMI release and rising oil prices.
FX Daily Majors
Today’s highlights: USDCAD continues to fall sharply after completing a bearish continuation pattern and
EUR/SEK & EUR/NOK should both be bought on dips
EURUSD: Thursday’s peak at 1.3644 (basically 78.6% of the precedingdecline) has raised confidence for
UBS Morning Adviser
Headline CPI of +2.7% YoY shows inflation still elevated after MAS cut forecast Singapore May headline CPI released today showed ongoing upward pressure in all major areas except for clothing and communication,
FX Daily
The main focus today is euro PMIs. We expect the manufacturing PMI to declinefurther due to the lagged effect of the global slowdown in Q1.
Daily Market Technicals
EUR/USD continues to chop around the 21-DMA with spikes towards the 200-DMA so far lacking follow through.
USD/JPY Analysis
The pair opened at Y102.11 after it ended on Friday at Y102.08 and then extended the early highs to Y102.14.
Weekly Economic & Financial Commentary
U.S. Review Inflationary Pressures Mounting, But Fed Holds Tight
FX Daily Majors
Today’s highlights: GBPUSD above multi-year range resistance at 1.7044/49 should see strength extend to our target of 1.7330.
Daily FX Update
Markets are quiet; with equities relatively flat, the U.S. 10‐year yield in a tight range, the USD retraces some of its losses and volatility still falling. There is no U.S. data today or Fed speakers.