OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: USD/JPY eases from 93.47 peak, but still higher on the day

The USD/JPY peaked at 93.47 high in early European session only to retrace back to the area where it has been trading sidelined around 93.30, still above the opening price of 93.11.

The US session will have little to watch on the economic calendar besides FOMC Powell and Fed's Tarullo's speeches, and Canada CPI and retail sales. Fed's officials have been attempting to clarify the latest FOMC meeting minutes that alarmed investors of an end to QE sooner than previously thought. Fed's Bernanke will speak next week and might also try to sound dovish to compensate concerns over the minutes.

“USD/JPY remains in a horizontal range between the support at 92.23 (15/02/2013 low) and the resistance at 94.46 (11/02/2013 high)”, wrote MIG Bank analyst Bijoy Kar, pointing to the need of a break to the upside to resume the underlying uptrend.

Forex: USD/CHF back to flatness

Steadily, the USD/CHF retraced its Asian losses during the European morning, bouncing from 0.9284 low back to 0.9312 opening price, with a brief passage by 0.9328 on the ECB report regarding LTRO repayments.
Read more Previous

Forex: AUD/USD pushes higher, hits 2-day peak

The Australian dollar continues to recover ground against the greenback ahead of the NY open, with AUD/USD reaching 2-day highs still underpinned by RBA Stevens comments, which sounded surprisingly less dovish-than-usual.
Read more Next
Start livechat