JPY Trading Outlook Archive

CROSSES: AUD/JPY is in sideways mode, just like the rest of the market, and the parameters to watch there are broadly between 100.50/102.50 in the short term (see chart). EUR/AUD is still broadly bullish but may be in for a shake-out depending on what happens… Read more

CROSSES: AUD/NZD broke below former weekly lows at 1.2100 yesterday amid heavy turnover, despite the Anzac day holiday. Further losses here look very likely and the first level of resistance is the prior daily low at 1.2145 (it opens near 1.2100 this morning). GBP/AUD has… Read more

CROSSES: AUD/JPY is still looking technically quite bearish whilst below 103.00 after a short-term double top formed at a 61.8% retracement level (see chart). The longer-term trend is bullish so bears need to pick their entry levels carefully and keep stops relatively tight in case… Read more

Calendar CHF – Swiss CPI m/m at 07:15 (GMT) Forecast 0.3% GBP – Manufacturing Production m/m at 08:30(GMT) Forecast 0.4% CAD – Building Permit m/m at 12:30(GMT) Forecast 3.7%

INTRADAY CONCLUSION: Prices have stalled near previous highs at 1.0480 and this leaves me more inclined to be short near current levels at 1.0460. Keep intraday short-stops tight above yesterday’s highs and be happy with 70/80 pip profits as support will be solid at 1.0350/70…. Read more

INTRADAY CONCLUSION: Prices have stalled near previous highs at 1.0480 and this leaves me more inclined to be short near current levels at 1.0460. Keep intraday short-stops tight above yesterday’s highs and be happy with 70/80 pip profits as support will be solid at 1.0350/70…. Read more

Euro (EUR) is falling against the Swiss franc (CHF). The pair has had a floor set by the Swiss National Bank (SNB) at 1.2000, however the economic environment favors capital flows to the stable and independent nation of Switzerland. If the single currency continues to… Read more

EURCHF The euro (EUR) opened lower against the Swiss franc (CHF) at 1.2180 from 1.2270 of Friday as markets incorporate the news from Cyprus. Many investors expect a shift of deposits away from the euro and into safe haven assets such as gold and the… Read more

Movers & Shakers USDJPY The US dollar (USD) has continued its strong gains against the Japanese yen (JPY) ahead of today’s Non-Farm Payroll release. The pair, moving above 95.20 has reached a three year high as Japanese Prime Minister Abe’s plans for a weaker yen… Read more

The Japanese Yen (JPY) USD/JPY opened strong in Asia after soaring on Friday on rumors that the BOJ was going to hold an emergency early meeting with the new Governors and potential aggressive easing to continue the Japanese recovery. EUR/JPY and GBP/JPY bounced as well… Read more