Tag Archives: USD/JPY

A USD/JPY top is possibly forming

EUR/USD in a mid-body (1.2445) resistance recheck… USD/JPY below 117.36 would hint of a more lasting top in place…

Details on the German Q3 GDP numbers are released today and focus will be on how much private consumption grew last quarter.

The break below $1.2499 opened the flood gates on Friday and has resulted in a move that has so far found support marginally above the 2014 low.

JPY witnessed another round of early weakness vs. the dollar as it dropped almost as far as its recent 2014 low before recovering fairly strongly.

Last week: Since the close on November 14th, the USD has gained over one percent against JPY, AUD and

EUR/USD collapsed on Friday.

Today’s highlights: EURUSD spotlight turns back to the 1.2358 low,

AUD rebounded to 0.87 this morning, but still below its Friday high post PBoC’s rates cut.

German IFO expectations are expected to show signs of improvement.

The break below $1.2499 opened the flood gates on Friday and has resulted in a move that has so far found

A subdued morning for the Japanese currency today due to the closure of Japanese markets for a national holiday.

The ECB is getting more vocal on a potential full-scale QE as inflation and inflation expectations threaten its price-stability mandate.