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USD/JPY2015-03-02 19:43 UTC

USD-JPY cracked the 120.00 level, extinguishing barriers at the figure on its way to 120.16 highs. The better risk backdrop helped sentiment, as Wall Street rallied and as yields stayed firm. The last time the pairing was over 120.00 was on February 12, where the high was 120.37. Gains from here are expected to be a grind, as Japanese exporter offers are said to be in place over the 120.00 level. In addition, the pairing ran into a daily ... Read More 

XE Market Analysis

  • North American Edition2015-03-02 10:15 UTC

    EUR-USD recovered the 1.1200 handle after declining below Friday's low at 1.1176 during the Asian session. leaving a low of 1.1160, the lowest level seen in five weeks. USD-JPY broke above recent highs at 119.79-84 on route to an 18-day high at 119.95. Higher stock markets in Japan and in Asia more generally, boosted by the combo of China's rate cut and above-forecast PMI data out of China and Japan, aided the yen lower, which followed its usual inverse ... Read More 

  • European Edition2015-03-02 07:25 UTC

    EUR-USD declined below Friday's low at 1.1176 to a low of 1.1160, which is the lowest level seen in five weeks. This draws the major-trend low 1.1098, seen on Jan-25 and the lowest level traded since Jan-2003, a little closer. USD-JPY broke above recent highs at 119.79-84 on route to an 18-day high at 119.95. Higher stock markets in Japan and in Asia more generally, boosted by the combo of China's rate cut and above-forecast PMI data out of China and ... Read More 

  • Asian Edition2015-03-02 19:43 UTC

    The dollar rallied broadly on Monday in N.Y. trade, taking EUR-USD back under 1.1200, and USD-JPY over the key 120.00 level. The firmer greenback came despite softer income and consumption data, a manufacturing ISM report that missed the mark, and weaker construction spending. Risk appetite firmed, as Wall Street moved up, taking the NASDAQ briefly over the 5k mark for the first time in 15 years, while yields firmed, also USD supportive. USD-CAD meanwhile ... Read More 

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