Tag Archives: USD/JPY
USDJPY – bearish correction continues between key 101.88-101.20 range
Prices are in a minor consolidation between 101.20-101.88 following the sharp 5-wave decline from 103.50; this is best viewed as a bearish continuation (triangle?) as is expected to resolve lower.
Daily FX Update
Markets are relatively stable leading into today’s FOMC decision. The USD is broadly but immaterially stronger; equities are flat, the US 10‐year is stable at 2.67% and oil prices continue to hoverjust below $100.
Daily Technical Report
EUR/USD has thus far failed to make anyfollow-through after the move above the strongresistance at 1.3893 (27/12/2013 high).
FX Daily Majors
Today’s highlights: NZDUSD’s break above the medium-term “triangular” range at .8584/87 suggests a more important bull phase may be underway.
The Global Macro Pulse
The USD strengthened modestly with EURUSD edging lower to 1.392 and USDJPY rebounding to 101.55. AUD has eased slightly to 0.912.
UBS Morning Adviser
USDCNY trades 1% above official fixing for first time CNH and onshore CNY continued to weaken against USD as investors remained cautious about stops and potential unwinds of structured USDCNY shorts.
FX Daily
The key event today will be the Fed announcement and new projections at 19:00followed by Janet Yellen’s debut as host of the press conference at 19:30.
Daily Market Technicals
Bullish focus remains on the $1.3948-67 region with a break higher seeing focus shift to a retest of the $1.4199-1.4247 region from Oct 2011.
USD/JPY Analysis
The pair was confined to narrow ranges this morning vs the dollar, as the market focused on tonight’s FOMC decision for clues. Risk sentiment remained stable after no major deterioration in
Daily FX Update
The market continues to digest developments in Ukraine and the international reaction, including US and European sanctions. Entering tomorrows FOMC meeting,
US Morning Update
‘Risk appetite’ was very tepid during most of the London morning, with more ‘bad news’ out of China colliding with the still uncertain situation regarding Russia.
Daily Technical Report
EUR/USD has thus far failed to make anyfollow-through after the move above the strongresistance at 1.3893 (27/12/2013 high), and hasshifted into a consolidation pattern.