Tag Archives: USD/JPY

FX Daily

We see further improvement in ISM manufacturing for April as jobless claimsand regional surveys point to a decent rebound in activity going into Q2.

Daily Market Technicals

The sharp move lower Wednesday again managed to dip below the 21-DMA before recovering to close above with the result being a triple daily top around the $1.3879 level.

USD/JPY Analysis

The pair traded between Y102.02 and Y102.67 in the US last night, and started this morning at Y102.24. With most regional markets closed for Labour Day holidays and

Daily FX Update

Entering today’s risk laden session most asset classes are relatively stable. Equities are vaguely weaker, the US 10‐year yield is trading at 2.7%, the USD is mixed and gold is soft.

EUR/USD continues to consolidate after its risefrom 1.3673 to 1.3906. Despite yesterday’sweakness, the short-term technical structure ispositive as long as the support at 1.3780(09/04/2014 low) holds.

Japan: Steady BoJ lowers 2014 outlook

The BoJ kept its policy unchanged today. In its semi-annual assessment of the outlook, it lowered growth forecast for FY 2014 to 1.1%.

FX Investors – Don’t give up!

It’s been a torrid year for FX investors. One measure of currency investorperformance, the Stark currency managers’ index, shows that investors aredown almost 4% this year.

The Global Macro Pulse

USDJPY took a dip to 102.40 before BoJ decision and has been unchanged post BoJ, EUR was flat at 1.381 ahead of today’s flash CPI release.

UBS Morning Adviser

No change to the QQE target The Bank of Japan’s overnight decision reaffirmed the existing policy stance,

€uro a tad softer. SEK sellers seen returning

EUR/USD: After an initial move higher the market fell back and did soin a rather impulsive manner ending the day with a bearishkey day reversal.

FX Daily

The FOMC meeting tonight should provide few surprises as the Fed tapersanother USD10bn of asset purchases.

Daily Market Technicals

The sharp move lower from the $1.3879 level Tuesday leaves a double daily top in place and combined with the relatively bearish close sees focus shift lower to the key $1.3779 support.