Tag Archives: USD/JPY

Daily FX Update

Markets are notably quiet with a slight preference for risk appetite leading into the NA open. In FX most currencies traded in notably small ranges during both the Asian and European sessions.

Daily Market Technicals

Support from $1.3762 provided the springboard for Monday’s bounce, which having breached $1.3810-12, aims for a test to $1.3884-$1.3899.

Daily Technical Report

EUR/USD has risen sharply, moving above theresistance a 1.3845. However, the failure to holdabove this level suggests a potential falsebreakout. A resistance now lies at 1.3876.

FX Daily Majors

Today’s highlights: AUDUSD focus remains on the 200-day average at .9138, a close above which can reassert a “head & shoulders” base, for .9410/.9510.

G10 FX price actions have been lackluster. The EUR was flat at 1.3830, USDJPY rose very marginally to 102.33 while AUD pulled back to 0.913, essentially unchanged from its NY close from a high of 0.916.

UBS Morning Adviser

Is relative market calm in EM due to lighter activity? In recent weeks EM FX markets have shown remarkable resilience in the face of

FX Daily

In the data calendar the main event is the release of IFO-business climate. We expecta decline in business climate to 110.8 from 111.3 but yesterday’s weak manufacturingand services PMIs for

USD/JPY Analysis

It’s been a subdued session for the JPY this morning with no major Japanese data or central bank speakers to cue the market.

USDJPY – pullback to 102 to correct the latest impulse from 101.21-102.65

Prices are in an upswing but within the larger 3+ month triangle that is consolidating gains from 96.57-105.44. We expect that wave-(d) up will approach the mid 103’s but

FX Daily Majors

Today’s highlights: USDCAD defends the point of breakout at 1.1157/53 keeping the trend higher to 1.1479, then our 1.1666/1766 core medium-term target.

Daily Technical Report

EUR/USD has broken the support implied byits rising channel, invalidating the uptrend inplace since February. The short-term technicalstructure is negative as long as prices remainbelow the resistance at 1.3845 (20/03/2014 high).

The Global Macro Pulse

The dollar has risen against the JPY, but is flat against the AUD and down slightly against the EUR. AUDUSD rallied to 0.9111 on the open, dropped to a low of 0.9049 after the HSBC China PMI,