OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/JPY: don't fade a break of 118.60-121.50 - BBH

FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that they had been suggesting that the dollar was carving out a symmetrical triangle against the yen since late-August.

Key Quotes:

"However, it is getting too close to the apex to be of much use for a technical perspective. Nevertheless, the sideways consolidation continues. The extended range trading has neutralized the RSI and MACDs. "

"We note that the distance between the upper and lower Bollinger Bands is the narrowest it has been for almost two decades. It suggests that even if the triangle pattern is not longer valid, the dollar is coiling against the yen. It warns that a large move may be on the horizon. Although the direction of the move is debatable, a break of the JPY118.60-JPY121.50 range should not be faded."

New Zealand: Fundamentals picking up, RBNZ to pause rate cuts this month - ANZ

Stabilisation (and even improvement) has been a developing theme in New Zealand fundamentals of late, notes ANZ.
Read more Previous

Moody's: TTP deal especially credit positive for Asian countries

According to Moody's rating agency, the Trans-Pacific Partnership deal would be especially credit positive for Asian countries.
Read more Next
Start livechat