Tag Archives: USD/JPY
UBS Morning Adviser
Corporate Inflation Expectations Elevated Surprisingly, Japanese corporates attach some credibility to
FX Daily
We have a light calendar in terms of data releases and markets could be in wait-andseemode ahead of the ECB meeting tomorrow and the US job report on Friday.
Daily Market Technicals
The recovery from Friday’s $1.3705 low continues as daily studies threaten to correct from oversold levels and remain supportive of further topside. Bulls look for a close above the 21-DMA to
USD/JPY Analysis
The pair traded weaker this morning, with some follow-through action seen in the wake of reports out last night that Japanese pension funds may invest in higher-yielding stocks.
Daily FX Update
Markets are adding to risk as Asian and European data suggest that global growth trends are improving, albeit slowly. The USD is mixed; with softness in those currencies who had disappointing domestic events
Daily Technical Report
EUR/USD is bouncing near the support at1.3708. However, the declining trendlinecontinues to favour a bearish bias. An hourlyresistance for a short-term bounce can be foundat 1.3847 (25/03/2014 high). Another resistancelies at 1.3876.
JPY: Consumption tax hike and Tankan
The BoJ Tankan released today shows the benchmark business conditions DI for large enterprises at 17% for manufacturers (est. 19%, last 16%) and 24% for non-manufacturers (est. 24%, last 20%).
The Global Macro Pulse
Among the majors, AUDUSD rose to a high of 0.9304 before easing off to 0.9267 after the RBA statement (see below).
USD/JPY testing resistance (103.77/91). AUD/USD should move lower
EUR/USD: The market hunted both high and low yesterday, butwithout getting traction either direction. A small near-termbullish tilt persists while holding above 1.3763.
UBS Morning Adviser
Firmer EURUSD positioning not an independent FX event In the latest Global Positioning Summary (Mar 26th),
FX Daily
In the euro area manufacturing PMIs are due for release and the first estimate of theSpanish and Italian figure will attract most attention.
Daily Market Technicals
Oversold daily tech studies remain a concern for a continuation lower with the bounce to start the new week easing the previous bearish pressure a little.