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USD/JPY2014-07-24 11:30 UTC

In a delayed reaction, USD-JPY has touched one-week highs of 101.64, in the aftermath of better China and EU PMI data. This said, the pairing continues to struggle to move higher. A break over the July 15 high of 101.79 could shift sentiment, and improved risk levels through the U.S. session could help the market achieve that. Read More 

XE Market Analysis

  • North American Edition2014-07-24 11:30 UTC

    The euro was up and the pound down in London trade, with EURUSD supported by much stronger than expected PMI readings, which unexpectedly showed an acceleration in economic activity. Cable meanwhile, dipped after weaker than expected retail sales numbers. EU stock markets have moved higher, led by peripherals, as Chinese and Eurozone PMI readings revived confidence in the global economy and fuelled risk appetite. U.S. equities look set to open higher as ... Read More 

  • European Edition2014-07-24 10:57 UTC

    The dollar perked up some in quiet N.Y. trade, though as is becoming commonplace in the FX market, ranges were narrow. EUR-USD tested London's trend low of 1.3455, though failed to make further downside progress. Sellers in place from 1.3475 capped the euro off. USD-JPY moved modestly higher on better risk levels, though was contained by a 101.37 to 101.53 trading band. USD-CAD held support into 1.0710, and moved over 1.0740 on an ex-auto Canadian retail ... Read More 

  • Asian Edition2014-07-23 18:33 UTC

    The dollar perked up some in quiet N.Y. trade, though as is becoming commonplace in the FX market, ranges were narrow. EUR-USD tested London's trend low of 1.3455, though failed to make further downside progress. Sellers in place from 1.3475 capped the euro off. USD-JPY moved modestly higher on better risk levels, though was contained by a 101.37 to 101.53 trading band. USD-CAD held support into 1.0710, and moved over 1.0740 on an ex-auto Canadian retail ... Read More 

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