Tag Archives: USD/JPY
FX Daily Majors
Today’s highlights: EURUSD is weighing on the recent cycle low at 1.3433, and we stay bearish for a break lower to our 1.3248 target.
The Global Macro Pulse
The yen couldn’t sustain early gains after a smaller-than-expected decline in Q2 GDP and is now flat on the day at 102.29 to the dollar.
USDJPY – s/t price action implies test/break of 101.50
Yesterday’s call for a bull flag rally on the hourly chart did see a resolution higher to 102.36 (well short of the 102.50 target).
FX Daily
Focus will remain on uncertainty related to the situation in Ukraine. In terms of data releases the main event is US retail sales for July,
Daily Market Technicals
Recent topside failures ahead of the key $1.3445 resistance level have kept bearish hopes alive.
USD/JPY Analysis
The pair flirted with the 200-day moving average (Y102.34 today) on Tuesday before closing marginally below in New York at Y102.26.
Daily FX Update
Weaker German investor confidence, ongoing geopolitical risk and broad bearish shifts in FX technicals have all supported a stronger USD into the NA open.
Daily Technical Report
EUR/USD continues to hold at the lows. Theproximity of the key support at 1.3296, a shorttermrebound is likely.
FX Daily Majors
Today’s highlights: NZDUSD falls sharply overnight to leave the spotlight firmly on key support at .8402/.8395, below, which would complete a large top.
The Global Macro Pulse
The USD strengthened against the G10 in Asia. The NZDUSD was the main developed currency mover,
GBP/USD target May/June lows & NOK/SEK should extend gains
EURUSD: Mildly offered inside range. Will the short-term correctional divergence be enough to buck the trend or not?
FX Daily
Focus will continue to be on the international geopolitical situation, albeit tensionat least for now appears to be easing.