FX News

JPY: Focus On Japan’s Inflation Data & FOMC This Week: What’s The Trade? – Credit Agricole

Credit Agricole CIB FX Strategy Research notes that themain focus for JPY traders this week with will be on Japan's inflation print and the FOMC July meeting.

"At 0.4% (prev. 0.4%) CPI inflation is expected to have remained unchanged Read More →

USDCAD – US Dollar Remains In Downtrend Vs Canadian Dollar

Key Points

  • The US Dollar failed to recover and moved below 1.2600 against the Canadian Dollar.
  • There is a monster descending channel pattern with resistance at 1.2575 forming on the hourly chart of USDCAD.
  • This past Friday in Canada, the Read More →

AUDJPY – Aussie Dollar Remains Sell on Rallies Vs Japanese Yen

Key Points

  • The Aussie Dollar declined from the 89.20 level against the Japanese Yen towards 87.70.
  • There was a break below a major trend line and support at 88.80 on the hourly chart of AUDJPY.
  • Today in Japan, the Coincident Read More →

AUD/USD: A Correction Lower Is Overdue; Above 0.80 To Be Met With RBA Opposition – BTMU

BTMU FX Strategy Research argues that AUD/USD looks over-extended based on policy expectations given there has been no sign of any change in forward guidance and given the low level of inflation and the record low levels of hourly wage Read More →