Tag Archives: USD/JPY
USDJPY – wave-(c) down underway; but bias is for minor rally today
There is an a-b-c rally in place from 100.77-103.76 and wave-c unfolded as a complete 5-wave rally. The entire upward correction failed near the 61.8% retrace and is now resuming the decline from January.
Daily FX Update
Growth currencies are outperforming and the USD is broadly weaker as we approach the NA session, as market participants take confidence in the stronger than expected employment release from Australia and
FX Daily Majors
Today’s highlights: EURGBP above .8351 has seen a base established, and we target .8392 initially, then the 200-day average at .8426.
Daily Technical Report
EUR/USD has moved above the strongresistance at 1.3893. The technical configurationis positive as long as the support at 1.3834(11/03/2014 low) holds. An initial support lies at1.3896 (intraday low).
The Global Macro Pulse
The antipodeans have dominated G10 FX price action. NZDUSD rallied to 0.8520 following the RBNZ’s rate hike and hawkish statement only to get a further leg up to 0.8562 from the AUDUSD.
Weak USD. EUR/GBP upside progress. Kiwi testing next resistance
EUR/USD: Correction completed and a fresh high added and bulls aresmiling – and may do so for a while yet since ~1.40 lieswithin reach before stretching it again.
UBS Morning Adviser
Reality is challenging but sentiment shouldn’t take precedence G10 investors have been forced into crash courses on copper and
FX Daily
In the data calendar the main event today is the release of February retail sales in theUS. We expect headline retail sales to rebound 0.3% m/m on the back of a very weakJanuary where bad weather weighed on consumer spending.
USD/JPY Analysis
A relatively dull session for the Japanese yen this morning for a change, dollar-yen opening at Y102.76 and euro-yen at Y14. Dollar-yen traded an early Y102.69/78 range
Daily FX Update
Markets remain quiet and in consolidation mode ahead of the NA session following an on-hold BoJ meeting and un-changed tone from policymakers at the BoE and ECB and as PBoC Gov.
Daily Technical Report
EUR/USD has weakened after failing to holdabove the strong resistance at 1.3893. Hourlysupports can be found at 1.3825 (28/02/2014high) and 1.3787 (36.8% retracement).