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Forex Flash: USD/JPY’s range yesterday eclipsed that for the rest of February - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that USD/JPY’s range yesterday eclipsed that for the rest of February.

He feels that this is testament to a crowded trade and a narrow exit. He writes, “Compared to relative interest rates, USD/JPY is still far too high, but domestic policies and economics suggest we will end the year much higher. Buy USD/JPY with a stop just below 91. A break below yesterday’s low (90.90) would be ugly.”

Forex Flash: What's next for CAD? - Nomura

Nomura Strategist Charles St-Arnaud notes that he has had a bearish view on CAD since mid December due to the negative terms-of-trade shock resulting from the oil price differential between WCS and Brent.
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Forex: EUR/JPY sticks below 121.00

One of the biggest victims of yesterday's volatile moves was the EUR/JPY, plunging from the 125.00 handle to as low as 118.77, as inconclusive results of the Italian elections are likely to lead to a return to the polls. The Anti-austerity vote was sound and clear.
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