Tag Archives: USD/JPY

USD/JPY Analysis

The pair traded up to Y116.11 during the European session last night but

EUR/USD: was muted overnight and could have a slow day with the US out.

EUR/USD remains within its short-termdeclining channel, indicating persistent sellingpressures.

Today’s highlights: US$ TWI has achieved our 94.4/95.1 first core target

USDJPY rose to 115.05 while EURUSD is at 1.2427, basically flat to its overnight lows.

It is a very quiet day on the data front with most important news coming out ofSweden.

The pair opened at Y114.83 this morning after peaking at Y114.92 during the US hours overnight,

It has been a relatively quiet 24-hours of trading for the NZD/USD.

Risk aversion has been dampened, equities are strong, the U.S. 10year is stable at 2.29% and the USD is soft.

EUR/USD: had a short squeeze at the Europe open and went as high as 1.2490 on dollar selling across the board.

EUR/USD has rebounded after having posted2-year lows.

Today’s highlights: USDJPY is expected to retrace lower prior to the uptrend resuming,