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Monthly archive September, 2017

DXY stages a small recovery; USD remains pressured against JPY and CHF on North Korea

USDJPY continues to find pressure lower on North Korea concerns. The USDJPY is currently at 108.71 after opening this week at 109.49. The first bearishness test would be the attainment of August lows of 108.27 and April lows of 108.13.

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USDJPY – US Dollar Under Bearish Pressure Vs Japanese Yen

Key Points

  • The US Dollar declined this week below the 109.50 support against the Japanese Yen.
  • There are two bearish trend lines forming with resistance at 108.80 and 109.00 on the hourly chart of USDJPY.
  • Recently in Japan, the Labor Read More →

USD: 3 Reasons For Further Broad USD Weakness Vs EUR & JPY Nomura

Nomura FX Strategy Research continues to believe that the broad trend in the USD will be lower. Nomura outlines 3 key reasons behind this view.

"1- The dollar weakness we have seen so far this year has been Read More →

AUD Into RBA, CAD Into BoC, EUR Into ECB – Credit Agricole

Credit Agricole CIB FX Strategy Research notes that into of one of the most important weeks for the FX markets this year, investors are seemingly playing it safe, having cut some of their longs in the EUR.

In that Read More →