OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: USD/JPY advances toward 94.50

FXstreet.com (San Francisco) - The Dollar is currently trading higher against the Japanese Yen and after bouncing at 94.00, the pair has managed to recover ground and rise towards the 94.50 level. Currently the pair is trading at 94.45.

With 0.11% declines on the day, the USD/JPY is strongly bearish according to the FXstreet.com forex studies. MACD, Momentum and CCI indicators are bearish while the Stochastic is neutral in the 1-hour chart.

Above the 94.50 level, next resistances are at 94.90 and 95.00. On the down side, supports are at 94.00, 93.85 and 93.50.

US markets grinding lower on Cyprus woes

Markets in the US are trading on the back foot on Wednesday, as concerns over the political instability in Italy plus uncertainties surrounding Cyprus are weighting on investors’ sentiment. The...
Read more Previous

Forex Flash: USD/JPY could edge higher as a result of JGB yields – UBS

The yen has resumed its downward trajectory overnight following media reports that the BoJ is preparing to merge its two JGB buying programs into one. Rinban operations started decades ago, but the Asset Purchase Program began life only in 2010, and it seems the time is ripe to consolidate them. The intention is make the scale of the BOJ's easing programs more transparent, but there are practical implications too as we discuss below.
Read more Next
Start livechat