Tag Archives: USD/JPY

Weekend risk premia and turnaround Tuesdays in 2014

Our final FX Daily this week makes a simple observation: the weekendpremium is making a comeback in 2014. The most obvious factor is politicalrisk around Ukrainian developments,

The Global Macro Pulse

In FX, AUD was the big mover in early trading, rallying 0.4% to 0.937 on the back of good employment data and stronger-than-expected China trade. EUR found support around 1.3906 and

UBS Morning Adviser

Rhetoric becomes fashionable Like the euro, the New Zealand dollar has been propelled higher over the past year.

The dollar is approaching key support levels.

EUR/USD: The slow slide back to the mid body point, 1.3905, ofWednesday’s bullish candle is probably enough correctionso for today focus will be on a resumption of the climb.

We expect today’s ECB meeting to be another wait-and-see one without any neweasing measures. MarioDraghi is expected to continue to sound very dovish as inflation in April again wasbelow ECB’s expectations,

Daily Market Technicals

The $1.3889-1.3905 region continues to support the EURUSD with immediate focus remaining on the $1.3967 2014 high until a break lower is seen.

USDJPY – resolves bear flag, resting above minor 101.50 trend support

The bear flag from February has resolved lower based on yesterday’s close. There is one final hurdle at 101.50, a secondary uptrend from Feb, that needs to be broken in order to promote a stronger decline.

USD/JPY Analysis

The pair opened at Y101.90 this morning while euro-yen started at Y141.70. Early moves were muted with dollar-yen easing to Y101.84.

BNPP Introduces A New Forecasting Model

BNP Paribas today introduces a new forecasting model ‘CLEER’ which is a medium-term fair value model for currencies.

Daily FX Update

A lack of follow through of yesterday’s USD weakness is a warning but the downward trend remains strong. Event risk today is centered on Chair Yellen,

Waiting for Yellen

The dollar had a miserable day yesterday, undermined by the fall in US rates. 10s are under 2.6% and the 1year in 5 years is testing the lows seen last October,” notes SocGen.

Daily Technical Report

EUR/USD has broken to the upside out of itsrecent consolidation between 1.3780 (09/04/2014low) and 1.3906 (11/04/2014 high), opening theway for a test of the key resistance at 1.3967.