OctaFX | OctaFX Forex Broker
Open trading account

Forex: USD/JPY finds support at 93.20/25

FXstreet.com (Barcelona) - The better momentum of the Japanese yen against the greenback dragged the cross to session lows around 93.20/25 overnight, easing some ground later to the current area of 93.50/55

The JPY also found extra support after the Tankan indicators during the first quarter bettered previous prints, albeit missing expectations.
Traders would shift their focus on the next BoJ meeting due on 3-4 April, where Governor Kuroda would announce further easing measures in order to spark inflation expectations.

As of writing, the cross is losing 0.78% at 93.54 and a drop beyond 92.91 (low Mar.5) would open the door to 90.86 (low Feb.25).
On the upside, a break above 94.43 (MA100h) would bring 94.80 (Tenkan line) and finally 94.60 (MA200h).

Forex: EUR/GBP down and closer to 0.8400

The EUR/GBP weakened right at the start of this week’s opening, falling from 0.8440 to find some support at 0.8411. Despite some retracement from the lows, the cross remains heavy and at losses on the day.
Read more Previous

Forex: EUR/USD keeps pushing higher

The upbeat tone continues to surround the shared currency on Monday, pushing the cross to the current area around 1.2825/30 and posting fresh session highs at the same time....
Read more Next
Start livechat