Tag Archives: USD/JPY

Weekly Economic & Financial Commentary

U.S. Review Economy Contracts in Q1, Stronger Growth Ahead • Revised Q1 GDP figures showed that the economy contracted 1.0 percent,

USD/JPY: Buy Or Sell?

The latest macro data releases continued to support the view of the BoJ being in no need to ease monetary policy further.

Daily FX Update

Bond markets remain the core focus into the weekend. The U.S. 10‐year yield is trading at 2.47%. Today’s release of the PCE deflator will provide important clues in judging inflation and

FX Daily Majors

Today’s highlights: USDCAD’s stay bearish for a break below 1.0813, to test 1.0747/31.

The Global Macro Pulse

NZD led rallies in G10 FX, supported by strong building permits. NZDUSD rebounded to 0.850 from a two-month low of 0.845. AUD rose to 0.932 but AUDNZD is still marginally lower at 1.096.

Daily Technical Report

EUR/USD has broken the key support areabetween 1.3673 and 1.3643. The short-termtechnical structure calls for further weakness aslong as prices remain below the resistance at1.3669 (27/05/2014 high).

A bunch of US key figures are on the calendar for today. We expect a slight setbackin personal income and personal spending growth in line with the market’sexpectation and unchanged PCE core inflation.

UBS Morning Adviser

Without robust growth, portfolio flows will be stagnant Ongoing Bank of Canada accommodation has driven CAD underperformance this year.

Daily Market Technicals

The failure to carry on with the move lower Thursday after having traded at fresh 3 month lows combined with O/S daily studies looking to correct higher is a worry for bears.

USDJPY – range continues to tighten, n/t channel resistance is 102

It appears that $JPY is feeling the pull from both US yields (lower) and stocks (higher) and the net effect has been an ever tightening range for the last 5-months.

USD/JPY Analysis

JPY opened at Y101.78 this morning, off the US low of Y101.43 while euro-yen started at Y138.45 in Asia today. Month-end dealings were muted with

Daily FX Update

The bond market is telling an important story. Yesterday the U.S. 10-year yield collapsed and there has been follow through today, with it moving into the open at an 11-month low of 2.42%.