Tag Archives: USD/JPY

USD/JPY Analysis

The pair witnessed choppy action after Friday’s release of the US March employment, seeing an initial react lower to Y103.58 before rebounding on revised data to Y104.13.

Weekly Economic & Financial Commentary

U.S. Review A Broadening Recovery Offsets Near-Term Weakness · Nonfarm payrolls increased across most industries in March,

Daily FX Update

Markets are favouring risk but quiet leading into the nonfarm payrolls release reflecting the expectation of a return to the all important 200k pace of monthly job gains.

FX Daily Majors

Today’s highlights: EURUSD’s break below the 55-day average at 1.3723/04 sees topping risks mount and adds weight to our bearish “wedge” story.

EUR/USD has breached the support at 1.3705,confirming an underlying downtrend since thepeak at 1.3967. Another key support stands at1.3643. Resistances can now be found at 1.3753(02/04/2014 low) and 1.3820.

The Global Macro Pulse

G10 FX has traded sideways with EURUSD at 1.3712, AUDUSD at 0.9237, and USDJPY at 103.91. Most EM Asia currencies have weakened against the dollar with

FX Daily

The US employment report for March will be published later today. Uncertainty isquite high given recent distortions from the bad weather. However, we look for adecent report of 195,000 and

UBS Morning Adviser

Stronger income growth in the US would help everyone On Thursday, Draghi may have disappointed investors hoping for more forceful rhetoric on FX.

Daily Market Technicals

The 21-DMA failures have resulted in a dip back towards the 100-DMA with bulls now needing a close above the $1.3753 level to ease bearish pressure, while a close above the 21-DMA remains needed to

USDJPY – 104.07/45 can halt/reverse the Feb/March upward correction

Yesterday’s comment laid out a case for 104.00/45 (104.20/45 to be more exact) based on both Elliott and Geometric projections. Prices are realizing the lower end of that target/reversal zone.

USD/JPY Analysis

The pair started at Y103.93 this morning after it traded a high of Y104.12 last night in the US, marking yet another 2-month high. The pair however ran aground in today’s Asia-Pacific session,

Daily FX Update

Yesterday as the S&P closed at a record high, the US 10year yield flirted with a one month high and a break of its multi‐month range and the USD was strong.