OctaFX | OctaFX Forex Broker
Open trading account

USD/JPY upside capped at 109.00 – UOB Group

FXStreet (Edinburgh) - Market Strategists at UOB Group expects further gains in the pair to be limited around the 109.00 handle.

Key Quotes

USD failed to break above the strong resistant at 109.45 and the subsequent drop is accompanied by strong momentum and could extend lower towards 108.20/25”.

“Expect any rebound to hold below 109.00”.

ECB's Stournaras says central bank's actions spurred Eurozone credit growth

Greece's central bank governor and ECB Governing Council member Yannis Stournaras said today in a speech in Slovenia that one of biggest woes for the Eurozone currently is weak bank lending which is being propped up by ECB's liquidity-boosting measures.
Read more Previous

GBP/USD consolidating around 1.6320 – OCBC Bank

Emmanuel Ng, FX Strategist at OCBC Bank, sees the pair stabilizing around the 1.6320 level...
Read more Next
Start livechat