JPY Daily Review for August 8, 2017
|– The Japanese Yen’s resiliency continues, and it now appears that several significant JPY-crosses could breakdown in the coming days. – Chinese inflation da…|
|EUR/USD: Neutral (since 07 Aug 17, 1.1785): Immediate bias is for a probe lower towards 1.1680.We just shifted to a neutral stance yesterday and there is no change to the view. EUR has likely made a short-term top at 1.1909 last week and the current movement is viewed as the early stages of a correction/consolidation phase. That said, the immediate|
|Fresh comments from Federal Reserve officials may spark increased volatility in USD/JPY as market participants mull the timing of the next rate-hike.|
|Price is carving a monthly opening range just below key slope resistance. Here are the updated targets & invalidation levels that matter.|
|Chinese inflation data and the August RBNZ policy meeting should bring welcomed volatility to AUD- and NZD-crosses; AUD/JPY and NZD/JPY are of particular interest.|
|The US dollar fell significantly during the day on Tuesday, reaching much lower. However, we bounced enough to show signs of life, and it appears to me that …|
Have a nice trading!