Tag Archives: USD/JPY
Three scenarios to make you smile
The one ‘smile’ that will survive the current FX torpor, is the scenario analysis that suggests the USD will do best at the extremes for risk, either when risk appetite is very positive or negative.
The Global Macro Pulse
G10 exchange rates traded sideways in Asia after their moves in late New York trading. EURUSD is a touch softer at 1.3853, AUDUSD is down slightly to 0.8960, and USDJPY is flat at 103.
UBS Morning Adviser
Consumer Confidence Stalls Japanese consumers are losing confidence in Japan’s policy agenda.
FX Daily
There are a number of speeches from ECB board members today in connectionwith the ECB’s Watchers conference.
Daily Market Technicals
The dip back towards the $1.3824 support overnight eased the previous bullish focus and sees pressure on a break lower. A close below $1.3824 remains needed to hint at a deeper correction back to
USD/JPY Analysis
The pair started the morning on a relatively firmer footing, with dollar-yen seeing an early gap down to Y103.02 from around Y103.22 while euro-yen started at Y142.78.
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 thus far failed to hold above thestrong resistance at 1.3893. Hourly supports canbe found at 1.3825 (28/02/2014 high) and 1.3708(05/03/2014 low, see also the rising channel).
FX Daily Majors
Today’s highlights: EURGBP spotlight turns to the .8351 highs, above which would set a better base.
The Global Macro Pulse
G10 FX pairs are largely unchanged, but EM Asia currencies are stronger against the dollar despite USDCNY fixing 15pips higher to 6.1327. EURUSD has edged down to 1.3868, USDJPY is flat at 103.24,
Weaker GBP, PLN & TRL (& soon also CAD), stronger NZD & Bunds
EUR/USD: Judging by price action it could be a top forming, arguing fora 1.3825/1.3797 test before long. This would be more likelyon a break under 1.3852.
FX Daily
We have a light data calendar again today with only second tier releases such asmanufacturing production in the UK, revised Q4 GDP in Italy and small businessconfidence in the US of secondary importance.