OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: USD/JPY looks technically bullish - Nomura

Nomura Strategist Saeed Amen has taken a look at USD/JPY from a purely technical perspective.

He begins by noting that spot is up on the week but he is shifting to a bearish view. He sees that RSI has dipped from overbought, suggesting that spot has reached a short term high. However, he notes that bandwidth has also declined, suggesting that it will range. He writes, “However, we think a move lower will be relatively small. Our target is 91.90 (20D SMA), from there we would expect a bounce back higher.”

Forex Flash: Fed Bullard open to scaling back QE if conditions match - BTMU

Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that yesterday, St. Louis Fed President Bullard gave a speech and emphasised the more powerful monetary stance this year compared to last year.
Read more Previous

US NY Empire State Manufacturing Index increase to 10.04 in Feb from -7.78 in Jan

Read more Next
Start livechat