OctaFX | OctaFX Forex Broker
Open trading account

USD/JPY: 122.20 support is critical - Commerzbank

FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank noted that USD/JPY needs to hold above the 122.20 support for an upside bias to remain.

Key Quotes:

"The intraday Elliott wave counts are pretty neutral. Resistance is offered by the 123.77 the recent high. Above here will target 125.00/28 (the August high).

Nearby support is 122.23, the mid November low and while above here the market remains immediately bid. The 3 month support line lies at 119.98. Key support remains 118.86 the 2012-2015 uptrend, while above here we are bullish."

USD/CAD exhibits a potential 52-week high

USD/CAD exhibits a potential 52-week high
Read more Previous

Poloz says BoC could cut rates below zero, if needed

BoC Governor Stephen Poloz said the bank lowered its effective lower bound for Canada’s policy rate to around -0.5%. He said the BoC could adopt negative rates in the case of adverse shocks, but added such a move isn't now under consideration.
Read more Next
Start livechat