OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: AUD/JPY maintains 1-month target at 100.00 on BoJ – Westpac

FXstreet.com (Barcelona) - Risks still seem firmly skewed to the downside in AUD/JPY multi-week though markets should at least wait to see what BoJ governor Kuroda will deliver at his first meeting. Indeed, “the 100 area is likely to remain difficult near-term while 97.00 provides support. Our one-month target however is 95-100, mostly driven by profit taking on long USD/JPY positions.” notes Sean Callow, a Global FX Strategist at Westpac.

The AUD/JPY has left behind all major moving averages. “The narrow failure to break 100.00 on 14 March suggests this will take some work to break near term, though we doubt there would be significant options-related defense.” Callow adds. The pair has not traded below 97.00 over the past two weeks, providing a potential short-term range of 97-100.

Forex Flash: The Troika is not the united front it previously was - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman believes that the Troika is not the united front that it previously was.
Read more Previous

Forex: USD/CHF capped at 0.9500 level

The USD/CHF has made repeated attempts at overtaking the 0.9500 level Tuesday during American trading. Having peaked briefly at 0.9507 (intraday maximum), the cross is now trading within range of 0.9500 at 0.9489/90 in these moments, notching a marginal gain of +0.01%.
Read more Next
Start livechat