OctaFX | OctaFX Forex Broker
Open trading account

USD/JPY trades slightly lower alongside stocks - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik notes that USD/JPY has been declining on Monday with US and European stocks sliding as well.

Key quotes

"Technically, the 1 hour chart shows indicators heading south below their midlines, while 100 SMA maintains a strong bullish slope in the 107.50/60 area, acting as immediate support."

"In the 4 hours chart indicators turned south but remain above their midlines, while price struggles with both 100 and 200 SMAs around current price, giving no much directional clues."

ECB announces that it purchased EUR1.7bn of covered bonds last week

The European Central Bank showed that it is being aggressive in its plans to expand its balance sheet, revealing that it carried out EUR1.704bn of covered bond purchases last week.
Read more Previous

United States 3-Month Bill Auction remains unchanged at 0.02%

Read more Next
Start livechat