Earlier in the week, end-of-month flows made it difficult to read market movements. Bonds were on offer in Europe before they strangely fell in US trade, but as it was sidelined by Fed Chair...
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USD/JPY Technical Analysis: Upcoming Bull Targets
Markets acknowledged widespread signs that the US economy is slowing. This is despite a clear warning against assumptions that the Federal Reserve could push back on raising interest rates further or start cutting them...
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Things are all lining up for the dollar towards the end of the week
It is all lining up for the dollar right now as the currency pushes to fresh highs on the day and is seeking to extend gains further ahead of the weekend. Let’s recap how...
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USD/JPY Forecast: Threatening a Major Breakout
It looks like we are threatening a major breakout. The US dollar has rallied during early trading on Wednesday to reach the 50 Day EMA against its Japanese counterparts. Because of this, it looks like...
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Little appetite ahead of European trading today
Besides some potential positioning plays ahead of the key risk event, there won’t be much else to scrutinise in markets in the session ahead. So far, there is a lack of interest and appetite...
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Little on the agenda in Europe today
The Japanese yen continues its good form with USD/JPY being dragged to fresh lows in over nine weeks. The pair is down another 100 pips today in a fall angling towards the 130.00 mark...
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USD/JPY remains heavy to start the new week
The pair is still feeling the weight of the technical breakdown below the 135.00 level since last week. A drop today would mark four consecutive daily declines for the pair, its worst run since...
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Japan finance minister Suzuki: No comment on day-to-day FX moves
Closely watching FX moves with a sense of urgency These are similar comments to when the Japanese yen tumbled and even with the pullback this week, it hasn’t really amounted to much in the...
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USD/JPY Forecast: USD Finds Buyers on Dips
The USD/JPY currency pair initially fell Tuesday against the Japanese yen, but we have seen a turnaround as the Bank of Japan will continue to loosen monetary policy. With that in mind, it makes quite a...
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UK labour market report on the agenda in Europe today
It is a calmer start to the new day as we start to settle into a bit more of a push and pull before the FOMC meeting next week. Equities observed a positive start...
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