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JPY Daily Review August 5, 2018

JPY Daily Review for August 5, 2018

USD/JPY Technical Analysis: Bull breakout confirmed, but Bollinger band is capping gains

Hourly chart Spot Rate: 111.70 Daily High: 111.78 Daily Low: 111.61 Trend: Bullish above 111.81 Resistance 111.81 (resistance of the hourly ch

 

GBP/JPY Review: BOE’s dovish hike has shifted risk in favor of a drop below 145.00

The GBP/JPY pair remains on the back foot, courtesy of BOE’s dovish rate hike and risks deeper drop below 145.00 on Brexit uncertainty and rising trad

 

USD/JPY: has rallied in Tokyo open, eyes on 100-4hr SMA at 111.80

USD/JPY is moving higher in the Tokyo open as the risk sentiment follows on the coattails of a better bid session in NY that recovered from the Europe

 

USD/JPY Outlook Mired by Lackluster Non-Farm Payrolls (NFP) Report

Fresh developments coming out of the U.S. economy may continue to drag on USD/JPY should the data prints rattle bets for four Fed rate-hikes in

 

Interest rate differentials to support modest appreciation in USD/JPY towards 115 – Rabobank

“The July 31 Bank of Japan policy meeting had a polarising impact on the market. Market hawks judged that the Bank may relax its commitment to its cur

 

USD/JPY edges lower toward 111, looks to record modest gains for the week

The USD/JPY pair came under a renewed selling pressure in the NA session and extended its losses to touch a fresh daily low at 111.10. As of writing,

 

Have a nice trading!




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