Tag Archives: USD/JPY
Daily Market Technicals
After having found support ahead of the 100-DMA to start the new week the EUR/USD finally managed the first close below the 100-DMA since Feb which adds weight to the bearish case and
USD/JPY Analysis
A morning of mild gains in the yen today after it started at Y102.26 vs the dollar and at Y140.13 against the euro. Dollar-yen started the session in a tight Y102.22/29 range and
Daily FX Update
Markets are relatively quiet with the USD focused on individual domestic stories and negative developments for EUR. The Bundesbank has suggested that it would support stimulus;
FX Daily Majors
Today’s highlights: EURGBP has broken key support at .8165/55 and we look for further weakness to .7800.
The Global Macro Pulse
The Indian rupee was the main mover in Asia trading. USDINR gapped 0.8% lower to 59.60, its lowest level since July 2013, as exit polls projected a strong victory for the BJP-led coalition.
Daily Technical Report
EUR/USD is trying to stabilise after its recentsharp decline. Resistances for a short-termrebound are given by 1.3812 (02/05/2014 low)and 1.3871 (intraday high, see also the 50%retracement).
EUR/USD offers likely at 1.38 and USD/JPY sellers should act at 102.40
EUR/USD: EUR/USD trades with resistance at 1.3800 in mind. USD/JPY should test 102.36-102.41 but encounter offers there
UBS Morning Adviser
A risk-off trade by nature, but direct FX link is possible On Monday UBS Macro Strategy proffered the view that it is now time for investors to
FX Daily
We expect another small decline in German ZEW expectations in May after it hastrended downwards during the first few months of 2014.
Daily Market Technicals
EUR/USD continues to find support ahead of the 100-DMA with a close below the 100-DMA not seen since early Feb. Initial resistance is now noted at Monday’s $1.3775 high with
USD/JPY Analysis
The pair started Tuesday’s session at Y102.12 after it had traded a Y101.90 to Y102.19 range in the US last night. Early demand from Japanese names kept the pair inching higher,
FX Flows From Hedge Funds
Net euro selling over UBS’ books hit a 5-week high last week as ECB President Draghi indicated the strong euro’s disinflationary impact “will have to be addressed”.