Tag Archives: USD/JPY
Daily Market Technicals
EUR/USD continues to oscillate around the 200-DMA ($1.3641) with initial resistance noted just ahead on the hourly time frame today.
USD/JPY Analysis
JPY opened at Y101.98 this morning in Asia and made a brief move through Y102.00 for a high of Y102.04 while euro-yen opened at Y139.04.
Daily FX Wrap and Strategy
The NZD/USD sits at a very similar level to yesterdaymorning, just below 0.8550 currently.In a quiet day, the NZD/USD made a bid for the 0.8580level early yesterday afternoon.
USDJPY – channel, flag & pivot resistance all align at key 102 level
The trendless market continues as depicted by the still tightening RSI range. Last week’s bullish hammer reversal and follow through as RSI bounced off the 40 zone was a minor bear trap and dampened our bearish outlook.
Daily FX Update
Markets are quiet leading into a slew of U.S. data and favouring risk taking. Equities are strong the US 10 year is at 2.53% and the USD is mixed, but changes since yesterday’s close are minor.
FX Daily Majors
Today’s highlights: USDCAD remains under downside pressure, targeting May’s low at 1.0813 next, with scope for 1.0738/31.
Daily Technical Report
EUR/USD has breached the strong support at1.3643 (see also the 200 day moving average),but has thus far failed to hold below it.
The Global Macro Pulse
In FX, the dollar has weakened against the EUR and AUD, but is flat against the yen. AUDUSD corrected up to 0.9259 and EURUSD rose to 1.3657 despite dovish sounding comments from ECB President Draghi overnight.
UBS Morning Adviser
CNH implied forward yield has been rising in spite of ample onshore liquidity In recent weeks the USDCNH forward curve has been climbing steadily;
FX Daily
In the data calendar the focus will mainly be on US data. Durable goods orders forApril should give us an idea of the strength of the rebound in business capitalexpenditure in Q2.
Daily Market Technicals
After beginning the new week below the 200-DMA ($1.3640) and looking a little heavy, the pair closed back above the 200-DMA on Monday which eased the bearish pressure a little.
USD/JPY Analysis
JPY opened at Y101.98 this morning while euro-yen started at Y139.10. Early market action saw dollar-yen stuck in a Y101.92/96 range after yesterday’s move through Y102.00 failed to garner sufficient follow-through.