Tag Archives: USD/JPY

Daily Technical Report

EUR/USD has moved recently within a shorttermhorizontal range between 1.3586 and1.3650. Today’s ECB decisions are likely todetermine the direction of the next short-termtrend.

The Global Macro Pulse

EURUSD and EUR crosses came under moderate pressures. EURUSD traded just below 1.36; EURGBP, EURSEK and EURNOK were also slightly lower.

USD/JPY correction target met, NOK/SEK @ support

EURUSD: Given that we don’t now the outcome of today’s ECBmeeting we have to act on what Mr. Market is telling us.

UBS Morning Adviser

Draghi’s words always do the damage, so position accordingly The ECB decision today is perhaps the most-scrutinised in nearly two years as negative rates are expected.

Daily Market Technicals

EUR/USD has again pulled back from the key $1.3647-72 region only to find support ahead of the $1.3586 low from May 29.

FX Daily

Today’s ECB meeting will be the main attraction. We expect the ECB to deliver anaggressive easing move by cutting the refi and deposit rates, taking the latter intonegative territory.

USD/JPY Analysis

JPY stepped into Asia Thursday at Y102.75 from NY’s range of Y102.44-Y102.75, euro-yen opened at Y139.72 with both rates sliding down to

Daily FX Update

Entering the second half of the week, FX markets are trading in narrow ranges as looming risk of central bank meetings and nonfarm payrolls looms.

FX Daily Majors

Today’s highlights: NZDUSD has broken key support at .8432/16, leaving the bias lower towards our core target at .8362/55.

EUR/USD failed to break the resistance at1.3650 (27/05/2014 high, see also the decliningtrendline) yesterday, indicating persistent sellingpressures. Supports stand at 1.3586 and 1.3562(12/02/2014 low).

The Global Macro Pulse

The USD gathered strength in Asia trading, supported by higher US yields overnight. The 10y US Treasury yield retraced very marginally to 2.586% but still net 6.5bps higher than yesterday’s open.

UBS Morning Adviser

Is additional US outperformance needed for CAD shorts to work? Having passed up multiple opportunities to talk down the Canadian dollar in statements and