Forex: USD/JPY completes ‘pennant’ pattern on daily chart, further gains ahead?
The USD/JPY finished the day sharply higher, up 169 pips at 100.63. This was the first time the pair has traded above the 100 level in four years. The pair is adding to gains during the Asia, up 27 pips at 100.90.
Forex Flash: AUD/NZD, reversal more likely than fresh weakness - TDS
A reversal is more likely than fresh weakness in the AUD/NZD, says Alvin Pontoh, FX strategist at TDS, adding that "we expect a reversal of AUDNZD weakness, rather than expecting another downleg to fresh lows."