Tag Archives: USD/JPY
USDJPY – 101.39/67 key to reversing near-term downtrend
The bullish triangle has been negated overnight with the break of 101.39 support. Still, above 100.77 we favor a bullish Elliott count that has prices completing wave-(b) of an (a)-(b)-(c) rally with expectations for a move to 103.75.
Daily FX Update
Markets are shedding risks as geopolitical tensions rise. Gold, JPY and CHF are all higher, the 10‐year US yield has dropped back to 2.6% and equities are notably weak, particularly across Europe.
Daily Technical Report
EUR/USD rose sharply on Friday. Prices arenow challenging the key resistance areabetween 1.3832 (25/10/2013 high, see also thelong-term declining trendline) and 1.3893.
FX Daily Majors
Today’s highlights: USDCHF below .8800 rekindles thoughts of a medium-term top, for a decline to .8568/18.
The Global Macro Pulse
USDRUB opened 2% higher to 36.57. FX price actions elsewhere have been relatively contained. EUR was broadly stable at 1.378 and the yen has found some support around 101.4,
FX Daily
The main release today will be the US ISM manufacturing index for February, wherewe look for a slight rebound to 52.3 following the sharp drop in January to 51.3.
Still looking for a stronger yen. NOK/SEK a 1.0720 sell?
EUR/USD: Friday’s move higher became both bigger and moreimpulsive than what we had in mind. On the other hand as aresult of the latest climb a five wave pattern up from early Feb is about to be completed.
UBS Morning Adviser
External Vigilance Essential for Central Banks In contrast to last week, escalation on the geopolitical front is now harder to ignore.
Daily Market Technicals
EUR/USD recovery was contained by the Bollinger band as well as a band of resistance in the $1.3825/41 area, which contains former highs, a broken 61.8% retracement of the 2011/2012 decline and
USD/JPY Analysis
The pair gained marginally this morning in Asia as risk appetite weakened amid worries about potential conflict in Ukraine and as regional stock markets started lower.
BNP Paribas: Major Currencies Forecasts
The following are BNP Paribas’ latest forecasts for major currencies.
Daily FX Wrap and Strategy
On Friday night, NZD held onto gains after strong domesticdata, but will open lower this morning thanks to thesituation in Ukraine.