OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: USD/JPY looks neutral ahead - OCBC Bank

FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank is remaining neutral on USD/JPY at this juncture in light of the background nervousness in the markets.

Barring a further implosion in risk appetite levels, he feels that any further consolidation south may be stonewalled by the 55-day MA (94.82) although 100.00 up top remains a solid resistance for now. Moving to AUD/USD, he notes that going ahead, he is getting increasingly suspicious of AUD prospects amid commodity and global macro cues with the 55-day MA (1.0354) and the 200-day MA (1.0398) now serving as resistance levels instead. He writes, “On the downside, scope for a move towards 1.0200 and then 1.0165 may be heightening if investor sentiment sours further.

Forex Flash: Interest in how Japanese investors react to new BoJ policy - BBH

Brown Brothers Harriman analysts note that there is keen interest in how Japanese investors are going to respond to the new, more aggressive BoJ monetary policy.
Read more Previous

Forex Flash: Chinese Property prices rose strongly in March - Nomura

Nomura economist Zhiwei Zhang notes that Chinese property prices rose strongly in March.
Read more Next
Start livechat