Long SEK, NOK And NZD Vs. Short JPY, CAD and GBP This Wk
This week, the scorecard recommends buying SEK, NOK and NZD while selling JPY, CAD and GBP• The JPY strengthening last week is hard to justify, judging from the scorecard’s input factors. Investors sent the....
ForexLive: USDJPY Dives Below The Years Midpoint
The USDJPY has taken a dive below the 50% of the years trading range on the back of the weaker than expected Chicago PMI report. That level comes in at 80.09 and will now be resistance. The next key target to the downside comes in at the 100 day
USD/JPY Trading the ISM Manufacturing PMI
The ISM Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in the US. A reading which is higher t
Sterling at multi-month highs versus dollar, euro
Sterling rose to fresh multi-month highs on a ...
The Opening Bell: Where currencies start for Monday, April 30, 2012
By Dan Bell The NZD/USD opens over 0.82 this morning-up a cent from Friday's lows-with the US Dollar under pressure against most major currencies. US equities saw modest gains with the S&P 500 up 0.24% and commodities up across the board with the CRB ...
USD/JPY Outlook Apr. 30-May 4
Dollar/yen continued moving down, despite more QE in Japan and no QE3 in the US. Will the Japanese authorities intervene at these levels? Average Cash Earnings is the major event this week. Here’s an outlook for the Japanese events and an updated
USD Decline Accelerates on Weak GDP- BoJ Fails to Weaken JPY
The BoJ cited expectations for consumer prices to rise 0.7% from March 2013 to 2014 with Japan seen reaching its 1% target inflation soon after. Central Bank governor Massaki Shirakawa noted that the move aims to strengthen the positive momentum in ...
JP Morgan: USD/JPY Risk Is On The Downside Next Wk
USD/JPY is poised to move lower next week as Japan starts its Golden Week Holidays from April 28 to May 6, JP Morgan said in note.The bank cited an important seasonal factor for that forecast; seven ....
BoJ Increases Stimulus – Reaction in USD/JPY Unclear so Far
The Bank of Japan announced an increase to its asset purchase program from 65 Trillion Yen to 70. The 5 Trillion Yen increase was followed by a whipsaw type price action in the Yen-crosses. As we enter the 4/27 US trading session (last one of the
European Stocks Seen Opening Soft After Spain Downgrade
Japan's Nikkei index is down 0.6 percent after the Bank of Japan kept the benchmark interest rate unchanged at 0-0.1 percent and increased the total size of its asset purchase program by JPY 5 trillion to JPY 70 trillion with some changes in its ...
BoJ Expands Monetary Stimulus
... growth and fight deflation. The central bank's Policy Board unanimously voted to increase the total size of its asset purchase program by JPY 5 trillion with some changes in its composition, which will take the total to JPY 70 trillion by end-2013.
Yen Gains Even as Bank of Japan Adds Stimulus
The Japanese yen gained today as demand for safety overcame Bank of Japan’s attempts to weaken the currency. The yen slumped earlier as the BoJ expanded its asset purchase program to support the struggling economy.


