Tag Archives: USD/JPY

Daily FX Update

The combination of China’s interest rate cut and President Draghi strong words suggest a heightened level of

USD/JPY: had a sharp selloff after Japan Finmin Aso expressed concerns regarding rapid yen weakness earlier today.

EUR/USD is challenging the resistance at1.2577 (see also the declining trendline).

USDJPY extended its move lower to 117.50 on the back of Aso’s comments.

EURUSD: It is possible that a correction low was put in place yesterday

It is a very thin calendar and most focus will be on speeches by Draghi andWeidmann.

EUR/USD continues to trade sideways within the broad $1.2499-1.2599 range with

A day of sharp reversals for the Japanese yen this morning after it opened at Y118.01 vs the dollar.

Prices cleared all of our proposed wave-3 targets as the Yen continues to extend higher.

Markets are reacting to disappointing PMIs across Europe and in China, driving fears of a challenged global growth outlook.

EUR/USD continues to grind higher.

Today’s highlights: EURJPY continues to surge dramatically higher and