Tag Archives: USD/JPY

USD/JPY Analysis

The pair opened at Y108.36 this morning, slightly higher than its Friday close of Y108.12 in New York,

With the European bank stress test results out, the banks, if anything, have one minor reason less not to increase lending.

Yesterday’s call for a sharp rally was realized as prices broke 107.50.

Further gradual rise favoured in USD/CAD However, the change in BoC’s communication suggests that

Markets are cautious into the open, with headlines focused on Ebola’s arrival in New York.

Today’s highlights: USDJPY has completed a small base,

The USD and JPY strengthened initially but have since lost ground.

EUR/USD’s recent bounce is likely over. As aresult, a full retracement towards the key supportat 1.2501 is favoured.

A quiet day on the data front. German consumer confidence released at 08:00 isexpected to

Layers of resistance are accumulating with bulls needing a close above $1.2742 to ease bearish pressure and

The pair opened at Y108.26 this morning and gained in early dealings toward the overnight high of Y108.35.

Market sentiment is encouraging into the open. Earnings, China’s PMI and Europe’s PMI have all helped to