JPY News Reviews 

JPY Daily Review June 22, 2017

JPY Daily Review for June 22, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 29 May 17, 1.1180): Increasing risk of a break below 1.1105/10.We indicated yesterday that a shift to a bearish phase would not surprising unless EUR can “move and stay above 1.1175 within these few days”. The overnight high has been 1.1169 and we continue to hold the view that the immediate risk is greater on th   US Dollar Continues To Slide Vs Yen Despite Dovish Iwata The US Dollar continued…

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JPY News Reviews 

JPY Daily Review June 21, 2017

JPY Daily Review for June 21, 2017 Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY – UOB EUR/USD: Downward momentum not strong but room for further weakness towards 1.1105/10.EUR hit a low of 1.1117, holding well above the major support indicated at 1.1105/10 yesterday. While downward momentum is not that strong, there is ample room for further weakness towards 1.1105/10. A break below this level would shift the focus to 1.1070 but bas   Japanese Yen Slips Fleetingly After BOJ Minutes Stick To Script The Japanese Yen came under very modest…

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JPY News Reviews 

JPY Daily Review June 20, 2017

JPY Daily Review for June 20, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 29 May 17, 1.1180): Increasing risk of a break below 1.1105/10.EUR declined sharply yesterday after edging above the key short-term resistance at 1.1210 (high of 1.1213). The pace and extent of the drop and the subsequent weak daily closing has shifted the pressure towards the downside again. That said, EUR has to break clea   Currency In Play: GBP/USD, EUR/USD, USD/JPY, Forex, Trading, Currencies Eddie Tofpik breaks down GBP/USD dip after…

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JPY News Reviews 

JPY Daily Review June 19, 2017

JPY Daily Review for June 19, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 29 May 17, 1.1180): In a 1.1140/1.1265 range.We indicated last Friday that EUR is expected to stay under pressure unless it can move and stay above 1.1210. The unexpected rapid rebound just edged above 1.1210 at the time of writing (high of 1.1212) and the downward pressure has eased. That said, the outlook for EUR is still   Japanese Yen Continues Lower After Trade Balance Miss The Japanese Yen had been…

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JPY News Reviews 

JPY Daily Review June 18, 2017

JPY Daily Review for June 18, 2017 Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB EUR/USD: Neutral (since 29 May 17, 1.1180): Immediate downward pressure towards 1.1105/10.The sharp and sudden decline that easily took out the strong 1.1150 support was unexpected (low of 1.1130). While downward momentum has improved considerably, we are not ready to adopt a bearish stance just yet. That said, the immediate pressure is clearly on   JPY: BoJ On Hold; What’s The Trade? – BofAML Bank of America Merrill Lynch FX Strategy Research expects the Bank…

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