OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: USD/JPY100, Japan poised for export boon? - BBH

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts note that the Financial Times tells us on the front page that the "yen's move through 100 to the dollar sets the stage for export boon."

Though it does not quote anyone saying that, they add that it is the inherited wisdom. Earlier today, they note that Japan reported its March current account figures and the reason the largest surplus in a year was reported did have something to do with a weaker yen, but it was not in the trade account, which remained in deficit. They write, “It was not about the goods market, but the capital market. Despite the lower foreign yields, the depreciation of the yen boosts the yen-value of the foreign investment flows. The investment income surplus swelled to JPY1.71 trln from JPY1.41 trln in February and JPY1.50 trln in March 2012.”

Forex Flash USD/CNY has a bearish bias – BTMU

Bank of Tokyo Mitsubishi UFJ analysts believe that USD/CNY has a bearish bias and is set to move between the range of 6.1250-6.1750.
Read more Previous

Commodities Brief – Luster wears off as precious metals collapse, crude breaks towards 94.00

The yellow metal plummeted Friday, ahead of the looming G7 conference this weekend and amidst the inevitable surge of currencies against the Japanese yen yesterday. In particular the USDIX soared to new heights, further hurting commodities prospects today. Though the fall started during European trading, gold now is incurring fresh intraday lows at USD $1427.31 per oz., unable to slow its decline. With strong support at 1418, ahead of 1404, the prospects for a further decline look to be relatively contained.
Read more Next
Start livechat