OctaFX | OctaFX Forex Broker
Open trading account

Forex: USD/JPY picks up momentum, nears 93.00

The US dollar has moved a tad higher versus the yen during the American afternoon as risk appetite improved with stocks pick up pace in Wall Street. USD/JPY received a boost and has climbed over 50 pips within the last minutes to print a new high for the day at 92.85.

At time of writing, USD/JPY is trading around 92.80, where it records a 0.6% gain on the day. If the pair manages to extend gains, next resistances are seen at 93.00 (psychological level/200-hour SMA) and 93.50(Feb 22 high). On the other hand, supports could be found at 92.00 (psychological level/intraday low), 91.33 (Feb 27 low) and 91.00 (psychological level).

US markets advance as ‘sequester’ looms

Shares in the US markets are trading in the positive territory on Thursday, although cautiousness amongst investors is set to prevail ahead of the so called US ‘sequester’, which kicks in tomorrow....
Read more Previous

Forex: USD/CAD retraces from highs, below 1.0300

After hitting 8-month highs above the key mark at 1.0300, renewed strength in the Canadian dollar is weighting on the cross, dragging it to the area of 1.0290...
Read more Next
Start livechat