7 years ago admin

EUR: The Return Of Draghi’s EUR ‘Headache’; What’s The Trade? – Credit Agricole

Credit Agricole CIB Research argues that the ECB could announce a QE-taper as soon as tomorrow but they may defer the announcement of any details until later in the year.

"Uncertainty around the QE taper announcement this week, combined Read More →

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

FX News 11046

7 years ago admin

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.

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 →