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USD/JPY2015-01-27 07:32 UTC

USD-JPY dipped back under 118.00, a level which has developed as something of an anchor point in recent weeks. We expect the biased is higher in the bigger picture as 'Abenomics' policies remain alive and well in Japan. A Bloomberg survey last week found 26 of 33 of economists forecasting new BoJ monetary expansion by the end of October. USD-JPY support is at 117.25, resistance at 118.83-87 and 119.00. Read More 

XE Market Analysis

  • North American Edition2015-01-26 11:43 UTC

    EUR-USD rebounded sharply after plumbing an 11-year low at 1.1098 in Asia. The move stalled in the 1.1250-62 region, where renewed selling interest reappeared, despite an above-forecast German Ifo release. A notable short squeeze in EUR-JPY, which interbank and speculative accounts viewed as being ripe for after hefty losses in recent days, had encouraged a similar play in EUR-USD. USD-JPY rebounded over a big figure from the Tokyo low at 117.26, logging ... Read More 

  • European Edition2015-01-27 07:32 UTC

    The dollar and main currencies were relative steady today, settling after yesterday's EUR-JPY centred whipsaw. EUR-USD traded in the low-to-mid 1.12s, holding comfortably above the 1.1098 low that was seen during the early hours of Asian trade on Monday. The speculative market had gotten itself excessive short of euros during the lead up to and after the ECB QE announcement last week. We still expect the euro will work its way toward parity against the ... Read More 

  • Asian Edition2015-01-26 19:01 UTC

    FX trade was relatively calm in N.Y. on Monday, and the dollar was mixed overall. EUR-USD moved up to 1.1290, as cable rallied to 1.5100. USD-CHF was higher however, with that move led by a round of EUR-CHF short covering. The cross moved back over 1.0100. USD-JPY was modestly firmer, as speculation over new BoJ stimulus made the rounds. USD-CAD meanwhile, eased back from trend highs posted in London, moving under 1.2410. Aside from the Dallas Fed index, ... Read More 

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