Tag Archives: USD/JPY

FX Daily Majors

Today’s highlights: NZDUSD has completed its expected top, and we look for further weakness to .8362/49.

Daily Technical Report

EUR/USD has moved decisively below the short-term support at 1.3616 (23/05/2014 low), confirming the recent technical deterioration.

The Global Macro Pulse

AUDUSD rallied to 0.9276 in response to a better-than-expected capex survey. EURUSD traded to a low of 1.3589 before recovering to 1.3607 while USDJPY dipped to 101.69.

UBS Morning Adviser

April’s consumer price data will be released in Japan on Friday This will be the first release of national CPI following the country’s sales tax rise.

Daily Market Technicals

The move towards the 2014 low continued on Wednesday with the EUR/USD breaking and closing below the previous initial support at $1.3612.

USD/JPY Analysis

The pair opened at Y101.84 this morning after recovering off a 1-week low at Y101.64 last night in the US and was initially held in a slightly higher Y101.68 to Y101.89 range in early dealings.

Daily FX Update

Globally, bond yields are lower with the U.S. 10‐year entering the NA session at 2.50%, flirting with its May 15th low of 2.47%.

FX Daily Majors

Today’s highlights: EURUSD back below the 200-day average maintains thoughts of a bear “wedge” and further weakness to 1.3520.

Daily Technical Report

EUR/USD is consolidating near the strong support at 1.3643 (see also the 200 day moving average). Monitor the hourly horizontal range between 1.3619 and 1.3669 (27/05/2014 high).

The dollar had a brief, small rally in early Asian trading, but just as quickly gave up gains, leaving suspected PBoC intervention selling USDCNY above 6.26 onshore to be the main event for the day, in our view.

UBS Morning Adviser

Inflation will drive the dollar higher – but only if yields follow through In the latest edition of UBS Macro Strategy Weekly ‘Key Issue’,

FX Daily

The most important release is euro area money supply and credit growth for April.At the ECB-forum in Sintra ECB-president Draghi in his speech Monday appearedconcerned about banks’ capacity to increase loans.