OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: USD/JPY prints another fresh 3.5-year highs on new BoJ rumors

USD/JPY is currently printing fresh 42-month highs at 96.66, just few pips above of those from Friday post-NFP at 96.58, where the pair sits at this moment, off mentioned new highs. The move comes in the back of new rumors saying incoming BoJ chief Kuroda could be calling for an emergency meeting as soon as next week, in order to implement new easing measures, reported Eamonn Sheridan at ForexLive.

Few Japan's economic data will be out in less than 1 hour from now at 23:50 GMT, including BoJ minutes, “The main event on the economic calendar,” says FXWW founder Sean Lee, “although no big surprises are expected ahead of a changing of the guard next month,” the analyst adds. USD/JPY is up +0.65% so far for the week and +11.5% for the year, with Nikkei climbing above the 11400 points mark for first time since Sept 2008.

Immediate resistance to the upside for USD/JPY shows at mentioned recent fresh 3.5-year high 96.66, followed by July 2009 highs at 96.98, and late Nov 2008 highs at 97.33. To the downside, closest support lies at yesterday's Asian session highs 96.25, followed by yesterday's weekly lows at 95.95, and Friday's NY session lows at 95.48.

Forex: NZD/JPY approaches key 80.00 figure

NZD/JPY, without making much noise, continues to grind higher, breaking through 79.60 - former top - to now establish a new peak at the 79.79 as carry-trade 'aficionados' pile into the trade. The pair has been on a steady rise since finding a bottom ahead of 75.00 on Feb 27, up more than 6.5% since then.
Read more Previous

Forex Flash: AUD/USD upside limited from yield persective - Westpac

The Australian OIS/IB markets continues to price in just one more rate cut with 28 points of easing implied by November, notes Timothy Cameron, FX strategist at Westpac.
Read more Next
Start livechat