OctaFX | OctaFX Forex Broker
Open trading account
Back

Fresh bout of USD demand in Asia

FXStreet (Bali) - The US Dollar is rising yet again during Asian hours, with the USD/JPY initiating a break higher, resulting on broad-based USD strength.

USD/JPY has posted a new high at 106.28, AUD/USD is absorbing bids to now enter key area of demand at 0.9240-60, while the NZD/USD has printed a new marginal low at 0.8255. EUR/USD made new lows at 1.2876, with GBP/USD testing 1.6080 bids.

Buying USD dips remains the name of the game. The problem so far with those looking to reinstate USD longs is that there are little pullbacks available to join the USD bandwagon, with vertical falls still dominant in most pairs.

USD/JPY: Short term targets in 106.30/107 - JPMorgan

Niall O'Connor, FX Strategist at JPMorgan, notes that in line with the bullish backdrop for the USD, the recent rally for USD/JPY suggests a growing risk of a sustained breakout.
Read more Previous

What's the chief impact of Scottish independence on the Pound? - SocGen

According to Societe Generale, the chief impact of Scottish independence on sterling will come not so much from the separation per se, but the heightened possibility that the UK (or rUK) would leave the EU.
Read more Next
Start livechat