OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/JPY: Focused on the 104.46 pivot – TDS

JPY has weakened across the board (USD/JPY +2.1%) as sentiment is still highly fragile and liquidity remains a concern. Investors must take each day as it comes, in the opinion of strategists at TD Securities.

Key quotes

“In the USD/JPY pair, we remain focused on the 104.46 pivot. Spot is deeply oversold, but that may offer only limited help if the situation deteriorates further.” 

“The next notable area of support comes into play at 101.20, while 106.48 may cap a squeeze.”

 

EUR/USD: Italy to strain the euro – Rabobank

The tentative improvement in risk appetite this morning has seen the EUR give back some of its recent gains vs. the USD. Although EUR/USD was oversold
Read more Previous

USD/CAD trades in red near 1.3650 as focus remains on crude oil prices

The USD/CAD pair jumped to its highest level since May 2017 at 1.3758 on Monday as plummeting crude oil prices weighed heavily on the commodity-sensit
Read more Next
Start livechat