OctaFX | OctaFX Forex Broker
Open trading account

USD/JPY: Slight upside bias – OCBC

A case can still be made for leaning against the extreme of the recently established ranges for the major pairs in the immediate horizon, in the opinion of Terence Wu from OCBC Bank. USD/JPY trades at 111.5060.

Key quotes

“The USD-JPY wavers within a 109.60 to 111.70 range, with a very slight upside bias.” 

“With the JPY basis still stretched, USD funding may still be stressed against the JPY, even as it fades against the rest of the majors. This may keep the USD-JPY supported in the near term.”


Crude Oil Futures: Recovery looks unsustainable

Open interest and volume in crude oil futures prices shrunk by nearly 2.2K contracts and around 234.2K contracts, respectively, on Tuesday, all in lig
Read more Previous

EUR/USD: Upside corrective near-term – Commerzbank

EUR/USD is upside corrective near term, according to Karen Jones from Commerzbank who analyzes the EUR/USD pair technically. Key quotes “Rallies shoul
Read more Next
Start livechat