JPY News Reviews 

JPY Daily Review August 23, 2017

JPY Daily Review for August 23, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 07 Aug 17, 1.1785): In a 1.1730/1.1885 range.The rapid swing lower after the sharp rise on Monday (that hit a high of 1.1828) came as a surprise. For now, we continue to view the price action as part of a 1.1730/1.1885 consolidation range. However, a clear break below 1.1730 would suggest that the short-term pressure has shi   USD/JPY and AUD/USD Forecast August 24 2017 The US dollar had a slightly…

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JPY News Reviews 

JPY Daily Review August 21, 2017

JPY Daily Review for August 21, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 07 Aug 17, 1.1785): Bearish if NY closing below 1.1680.The neutral phase that started on 07 Aug (spot at 1.1785) is still intact as EUR traded sideways to slightly lower for the past two weeks within a range of less than 200 pips (between 1.1661 and 1.1846). While we continue to hold a neutral view for this pair, we are anti   Yen Aims Higher as Market Sentiment Sours Anew The…

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JPY News Reviews 

JPY Daily Review August 20, 2017

JPY Daily Review for August 20, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 07 Aug 17, 1.1785): Bearish if NY closing below 1.1680EUR dipped below the strong 1.1680 support and touched a low of 1.1661 yesterday before staging another strong rebound. As highlighted in the past couple of updates, EUR has to close below 1.1680 to indicate that it has moved into a bearish phase. While the probability fo   Risk aversion prevails on Barcelona and recent happenings in Washington; USD lower and Yen…

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JPY News Reviews 

JPY Daily Review August 17, 2017

JPY Daily Review for August 17, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 07 Aug 17, 1.1785): Bearish if NY closing below 1.1680.While EUR touched a low of 1.1680 yesterday, it rebounded strongly and quickly to end the day well above this level. As highlighted, only a NY closing below 1.0680 would indicate that EUR has moved into a bearish phase. This scenario is not ruled out just yet even though   Yen Looks Through Local Trade Data to Focus on Stock Markets The…

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JPY News Reviews 

JPY Daily Review August 16, 2017

JPY Daily Review for August 16, 2017 Trading Outlook for US Dollar, JPY-crosses, Gold & More In this webinar, we looked at the positioning of several USD-pairs along with Yen cross-rates, EURGBP, precious metals, crude oil, and equity indices. @PaulR…   NZD/JPY: 5-Week Topping Pattern Intact; Levels & Targets – NAB NAB FX Technical Strategy Research notes that significant tops have formed in NZD/JPY above 83.00 since 2015.”The recent 5 week topping pattern has again formed above 83.00 while also being the 4th rejection of a significant multi-year trend resistance.This…

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JPY News Reviews 

JPY Daily Review August 15, 2017

JPY Daily Review for August 15, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 07 Aug 17, 1.1785): EUR to remain underpinned as long as above 1.1750.There is not much to add as we continue to expect EUR to stay underpinned as long as 1.1750 is intact. However, as highlighted yesterday, upward momentum is not strong and the month-to-date high near 1.1910 is unlikely to yield so easily. On a shorter-term   USD/JPY Price Analysis: Strong Bounce on YTD Low Zone, US Data Jumps As…

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