USDJPY The USDJPY rally stalled today at 38.2% As stocks rose and yields fell, the US dollar weakened. USDJPY is back below the 200-day moving average of 13 .506. A break below today’s level...
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AUDJPY PRICE ANALYSIS: PLUNGES FROM MONTHLY HIGHS, STRUGGLES TO RECLAIM THE 100-DMA
AUD/JPY rebounds from weekly highs and ends the week with a minimal loss of 0.07%. The Japanese authorities intervened in the currency market to strengthen the Japanese yen. AUD / JPY Price Forecast: The...
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European equities lower at the open
Eurostoxx -0.6% Germany DAX -0.7% France CAC 40 -0.6% UK FTSE -0.3% Spain IBEX -0.3% It’s not a good look for stocks towards the end of the week as we are seeing markets start...
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USD/JPY Technical Analysis: Settling on Narrow Range
For four trading sessions in a row, the price of the USD/JPY currency pair is settling in a narrow range between the support level of 131.73 and the resistance level of 133.90. It settled around the...
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Weekly Forex Forecast – EUR/USD, GBP/USD, AUD/USD, USD/JPY
EUR/USD The EUR/USD currency pair went back and forth last week as we continue to see a significant amount of noisy behavior between the 1.01 level, and the 1.03 level. This is a scenario where we see...
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USD/JPY: Incremental Gains as Storm of Volatility Lies Ahead
The USD/JPY has produced almost seemingly polite incremental gains the past two days of trading and is approaching intriguing short term resistance. Speculators watching the USD/JPY may perceive the USD/JPY has demonstrated rather tranquil...
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USD/JPY Forecast: USD Recovers Against Japanese Yen
The USD/JPY currency pair rallied a bit Monday as the Japanese yen recovery has stalled. At this point, the ¥136 level is an area that a lot of people will pay attention to. If we were...
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Bad news is good news…to a point
It’s hard to say how much the latest price action in markets has been pricing in a soft landing but we got a hint today. The S&P 500 is down 1.1% and there’s a...
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USD/JPY STALLS INTRADAY RECOVERY FROM WEEKLY LOW, FAILS JUST AHEAD OF 138.00 MARK
USD/JPY bounced off the 137.00 mark, or a one-and-half-week low touched earlier this Friday. The narrowing US-Japan bond yield differential, the caution mood benefitted the safe-haven JPY. The divergent Fed-BoJ policy stance supports prospects...
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USD/JPY Forecast: USD Pulls Back Against Japanese Yen
The US dollar pulled back a bit Monday to show signs of hesitation. That being said, the ¥138 level looks to be a bit supportive, and I think we will be paying close attention to it. If...
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