Tag Archives: USD/JPY
USDJPY – small hourly triangle fails; larger daily triangle still intact
We have yet to eliminate any of the 3 Elliott alternatives within this range but last night’s sell-off below 102.10/05 weakens the outlook for a move to the mid 103’s.
Daily Technical Report
EUR/USD’s bullish intraday reversal on 5 Junehas created a key support at 1.3503. Monitor thatlevel as buying interest has thus far remainedweak.
FX Daily Majors
Today’s highlights: EURUSD remains bearish for a test of last week’s spike low at 1.3503.
The Global Macro Pulse
With the exception of the 0.3% rise in the Nikkei, most Asian equity markets have softened today and S&P futures are down slightly.
USD/JPY: stay long even without BoJ actions
The BoJ will likely leave QQE unchanged at the monetary policy meeting on the 12-13th. With the majority of the market now expecting additional easing in October rather than July,
UBS Morning Adviser
Careful calibration needed for RBNZ as NZD weakens for the wrong reasons Witnessing a currency declining from self-professed ‘overvalued’ levels is normally welcomed by any central bank.
USD/JPY Analysis
The pair started at Y102.35 in Asia Wednesday, from a US session of Y102.22-Y102.42, the spot drifted to Y102.30 before bouncing to touch a high of Y102.39 and
Daily Market Technicals
After having failed to close above the 21-DMA on recent attempts bearish focus has re-emerged with the result being a move lower that firmly has the 2014 lows in its sights.
FX Daily
Today’s data calendar is very light. The main focus will probably be the April labourmarket report in the UK.
Daily Technical Report
EUR/USD made a bullish intraday reversal on 5June. However, the lack of follow-through andthe current deep retracement suggest persistentselling pressures.
FX Daily Majors
Today’s highlights: EURUSD remains bearish for a test of price support at 1.3503 next.
UBS Morning Adviser
Delayed second-wave of euro weakness ahead? On Wednesday, the ECB rate cuts announced last week finally take effect.