OctaFX | OctaFX Forex Broker
Open trading account

USD/JPY: approaching the 21 DMA - Scotiabank

FXStreet (Guatemala) - Analysts at Scotiabank noted the current strength in the Yen but suggest it is limited while USD/JPY heads towards 21 DMA.

Key Quotes:

"We maintain a forecast of fundamentally-driven JPY weakness (USD/JPY) on the back of relative central bank policy however we acknowledge the potential for short-lived JPY gains in periods of risk aversion.

"USD/JPY has broken below its 9 day MA (122.95), on approach of the 21 day MA (122.26). Momentum indicators hint to a shift in the balance of risks, and trend signals are providing confirmation."

US: Consumer confidence decline in a caution flag for the FED – Wells Fargo

According to analysts from Wells Fargo today’s decline in the data of November’s consumer confidence is a caution flag for the Federal Reserve.
Read more Previous

USD puts pressure on CNY – Danske Bank

According to Allan von Mehren, Chief Analyst at Danske Bank, the stronger USD dollar has put depreciation pressure on the Chinese Yuan (CNY). They project the USD/CNY to rise by 4% during the next 12 months.
Read more Next
Start livechat