OctaFX | OctaFX Forex Broker
Open trading account
Back

Japanese selling JPY large - BTMU

FXStreet (Guatemala) - Analysts at Bank of Tokyo Mitsubishi explained the conditions surrounding USD/JPY.

Key Quotes:

"Despite the terrorist attacks in Paris last weekend, the stock market and USD/JPY have not been shaken yet. The latest Japanese GDP report which showed a technical recession has little impact on USD/JPY as well. Japan’s improving trade balance is helping to dampen further upside potential for USD/JPY."

"The widening in the USD/JPY basis swap is attracting market attention driven by massive JPY selling flows by Japanese investors. The BoJ left its monetary policy intact, though it added a phrase about the weakness of price developments. The dovish shift in communication leaves the yen more vulnerable to the downside although the likelihood of imminent BoJ easing remains low."

EUR/USD: minor recovery headed to the 20 DMA?

EUR/USD has continued with the squeeze after a wobble in European trade on dovish ECB members, but we are now well onto the 0.70 handle again and through the 200 SMA on the hourly sticks.
Read more Previous

NZD/USD rises further and hits 1-week highs as US dollar tumbles

NZD/USD gained momentum amid a weak US dollar and soared after breaking above the 0.6550/55 zone, that since last week was an important short term resistance.
Read more Next
Start livechat