OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: Near-term USD/JPY top at 94.50 may be in place - NAB

The Yen continues to be exposed to the headwinds from the Bank of Japan’s anticipated shift to a more aggressive easing policy, comments NAB research team. The Australian-based institution adds that "the recent G7’s shot across Japan’s bows means policy makers may begin to soften their anti-JPY rhetoric." In this environment, "a near-term USD/JPY top may be in place around 94.50, at least until the new, more dovish BoJ Governors are installed in late March" NAB says.

US equities post modest gains; Dow approaching historic high

The US equities market managed to eke out some gains on Tuesday, and in the process the Dow is now nearing an all-time high, something that can be described as nothing short of extraordinary.
Read more Previous

Forex: AUD/USD needs break above 1.0350/60; corrective pattern in peril

Just when technical reads appeared to indicate that a heavy Aussie may continue to track lower, especially after 1.0250 support was out of the way, strong and consistent buying interest emerged around 1.0225 in the European session, taking the spot rate as high as 1.0320 before consolidating above the round number, and paring back Monday's losses.
Read more Next
Start livechat