OctaFX | OctaFX Forex Broker
Entrar
Abrir conta
Back

Forex: USD/JPY stalls below 94.20 stops

With USD/JPY at 94.11, off fresh session/3-day highs at 94.15, and stops above 94.20, Eamonn Sheridan from ForexLive said, Yen keeps being sold across the board, while Nikkei index gains more than +2.20% for the day above the 11400 points mark. After few days as the strongest currency among majors, up +2% in 3 days, Yen is again on its way to being the weakest one in last 2 days, along with Pound and Euro.

As FXWW founder Sean Lee notes: “USD/JPY has popped up 10 pips through 94.00 on comments from PM Abe regarding future BOJ choices eg buying foreign bonds or affecting the stock market,” the analyst said. The pair is up +0.69% since previous weekly close Friday, while USD index is at 1-month highs, and gold and oil showing weakness near multi-day lows.

Immediate resistance to the upside for USD/JPY shows at mentioned session highs 94.15, followed by Feb 11/12 highs at 94.41/47, and May 2009 highs at 94.98. To the downside, closest support lies at Feb 08/13/14 highs 93.76/71, followed by Feb 06 lows at 93.27, and Feb 13 lows at 92.80.

Forex Flash: Jump in USD/JPY unjustifiable; risk of deeper Yen correction - RBS

The reality in the Japanese Yen landscape, in view of RBS currency strategist Greg Gibbs, "is that not much has actually changed recently, certainly not enough to justify a 15 to 20% jump in USD/JPY."
Leia mais Previous

Forex Flash: Next RBA move likely coming in May - NAB

According to the NAB economists, "we continue to expect that weakness in the economy will see
the RBA ease further this year, the next likely move coming in May." The market puts the odds of a March rate cut at around 30% today, with that chance, in view of the bank, "subject to the pending key Q4 partials due from the end of this month."
Leia mais Next
Começar chat ao vivo