Monthly archive May, 2017

JPY: Keeping The (Weaker) Faith; Where To Target? – NAB

NAB FX Strategy Research notes argues that the BoJ policy is unlikely to change in the foreseeable future including the current commitment to YCC, USD/JPY sensitivity to movements in US Treasury yields will remain elevated for some time to come.

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NZDUSD – New Zealand Dollar Holds Uptrend Support Vs US Dollar

Key Points

  • The New Zealand Dollar is holding a couple of important supports like 0.7050 against the US Dollar.
  • The NZDUSD pair is following a decent ascending channel with supports at 0.7070 and 0.7050 on the hourly chart.
  • Today in Read More →

Dollar struggles as sentiment turns sour

The dollar traded lower versus most of its rivals on Tuesday, weighed by a drop in U.S. Treasury yields amid a cautious global sentiment with political worries in Europe and weaker stock and commodity markets after a long U.S. holiday Read More →

USDJPY – Can US Dollar Move Past 111.20 Vs Japanese Yen?

Key Points

  • The US Dollar after declining towards 110.70-80 against the Japanese Yen formed a support.
  • The USDJPY pair is currently moving higher and already cleared a bearish trend line at 111.00 on the hourly chart.
  • Today in Japan, the Read More →