Tag Archives: USD/JPY

USD/JPY Analysis

The pair opened at Y108.76 this morning and was under some early pressure amid some follow-through interest from

The Bollinger band base appears to be limiting downside follow through with the EUR/USD having bounced from fresh 2014 and

USD: bolstered by the Fed The US dollar continued to appreciate last week.

The U.S. 10‐year is lower, back down to 2.55% and equities are flat but the USD is moving rapidly higher,

Today’s highlights: EURUSD has fallen to test our core target zone at 1.2787/55.

EUR/USD continues to decline and is nowtesting the strong support area between 1.2755and 1.2662.

We remain bullish on the USD over the next few weeks and favor expressing this view via long USDJPY positioning.

In the euro area the main event today will be the release of money supply M3and credit data for August.

The 4-hour chart shows a pivotal zone for support today as prices are testing the sharp up channel that contained wave-(iii).

The pair started at Y109.04 in Asia Thursday, the euro-yen cross at Y139.36, extended gains to session highs of

Bears remain firmly focused on the 2013 low and then the $1.2637-60 region below.

Limited movement among most of the G10 curren-cies points to an ongoing assessment of the outlook for global growth and relative monetary policy,