Tag Archives: USD/JPY

Daily Technical Report

EUR/USD weakened yesterday, breaking theshort-term rising trendline. Furthermore, thedeclining trendline still favours a bearish bias.Key supports stand at 1.3705 and 1.3643.

The Global Macro Pulse

The overnight rise in US yields has combined with pre-ECB and pre-payrolls positioning to give the dollar support. EURUSD dipped to 1.3759, USDJPY rose to 104.0,

FX Daily

Today’s main event will be the ECB meeting. The probability of immediate easingfrom the ECB has declined as indicated by statements from vice presidentConstancio that “the low figure of inflation in

Daily Market Technicals

The recovery from $1.3705 appears to have run out of steam ahead of the 21-DMA with a close above needed to give the bulls hope and retest the key $1.3879 resistance targeted.

UBS Morning Adviser

Does anyone want to win the balance sheet stakes? President Draghi can expect the usual questioning monetary conditions on Thursday.

USD/JPY Analysis

The pair started the day at Y103.88 this morning and then spent the early few hours between Y103.85 and Y103.89. It pulled back a bit to Y103.81 low minutes before Japanese stock markets opened but

USDJPY – wave & geom. pattern both suggest strong resist. b/w 104.00/45

The rally through 103.76 invalidated our call for a wave-[4] triangle but ample resistance between 104.20/45 is expected to contain the current rally.

Daily FX Update

The S&P rallying to record high’s yesterday reflects encouraging risk sentiment; the reaction in FX has been more muted with a rally in NOK and a collapse in NZD the only noteworthy developments;

EUR/USD continues to bounce after the test ofthe support at 1.3708. However, the decliningtrendline still favours a bearish bias. An hourlyresistance can be found at 1.3847 (25/03/2014high). Another resistance lies at 1.3876.

FX Daily Majors

Today’s highlights: USDJPY focus turns to important resistance at 103.64/77. Above here is needed for a better base in the range to test 104.85/94 next.

USD/JPY is higher than previously thought, but resistance is still there

EUR/USD: The near-term move up from the recent 1.3704 looks farfrom impulsive, but could still test the 21day equilibriummeasure at 1.3835 before down.

The Global Macro Pulse

The rise in US yields has helped to pull AUDUSD down to 0.9237 and push USDJPY up to 103.85. However, EURUSD has risen to 1.3803 ahead of today’s ECB meeting.