Tag Archives: USD/JPY

Daily FX Update

Markets are struggling with yesterday’s decision from the SNB. Liquidity in FX markets

The main story over the past few months has been the continued collapse in the oil price,

EUR/USD continues to decline and is now challenging the key support at 1.1640.

EUR and GBP were both nearly unchanged from the US close,

Focus will be on US data. We expect headline CPI inflation to have eased

Bears continue to dominate with fresh 2015 and 11+ year lows now shifting overall

The pair started the day at Y116.16 below the overnight low of Y116.24

The SNB’s decision to unexpectedly abandon the EURCHF 1.20 floor is the core focus of markets;

EUR/USD rebounded after moving below the support at 1.1754 yesterday.

Today’s highlights: EURGBP’s break below .7755/43 begins to set a large top.

EURUSD: The pair initially fell down from the past week’s congestion

In Europe the most interesting release is German GDP for 2014,