Tag Archives: USD/JPY

USD/JPY: 125 in 2015, 130 in 2016

The role of our USD/JPY forecast of 120 at end-2015 has ended.

The USD weakened slightly. USDJPY dipped to 114.09, EURUSD edged higher to 1.2486 and

EURUSD: As per Tue, specs added more to net euro shorts (& added to aggregated net dollar longs).

The main release will be the Fed’s Labour Market Conditions Index that it beganpublishing last month.

The bounce from fresh 2014 and 2 year lows and below the Bollinger band base to end last week combined with

The pair started the day at Y114.37, well above Friday’s post-payrolls low of Y114.25 and

European central banks less surprising than the BoJ. As expected, the ECB did not launch a full-scale QE and

Markets are trading in tight ranges leading into the release of U.S. nonfarm payrolls and the weekend.

Today’s highlights: DXY $ Index maintains its strong rally and

EUR/USD has broken the hourly support at1.2440 (03/11/2014 low), confirming persistentselling pressures.

EURUSD was little changed Asia morning (1.2379),

In the US we expect another strong labour market report for October thisafternoon,