EURJPY had been on a steady short-term recovery before experiencing a massive decline on the back of the BoJ’s latest decision to widen the band of its Yield Curve Control policy. For now, the retreat Read more…
USDJPY crashed to a four-month low of 132.26 in the wake of an unexpected hawkish tweak in the BoJ’s yield curve control early on Tuesday. From a technical perspective, the bearish action was the outcome Read more…
Stock futures mixed, treasury yields jump after Bank of Japan policy shift; housing starts in focus amid record slump in homebuilder sentiment; Sam Bankman-Fried to make second attempt to surrender to U.S. Authorities; FedEx edges Read more…
The Dow Jones 30 falls as investors offload risk assets over the prospect of further rate hikes. Last week’s reversal has dented the short-term mood, forcing leverage positions to abandon 33400 and lifting volatility. The Read more…
The Australian dollar slips as the RBA minutes hints at a possible pause in rate hikes. The pair has so far struggled to clear 0.6900 at the origin of the September sell-off. A combination of Read more…
The euro found support after ECB officials pledged to keep raising interest rates. The pair came under pressure near last June’s high of 1.0780. A RSI divergence shows a deceleration in the upward momentum and Read more…
BoJ Governor Haruhiko Kuroda said in the post meeting press conference, “Overseas market volatility has heightened from around spring … While we have kept the 10-year bond yield from exceeding the 0.25% cap, this has Read more…
Market movers today Today, the German Producer Prices will be released for November. Consensus is looking for a second consecutive m/m decline, which would naturally signal good news for the German economy together with the Read more…
Daily Pivots: (S1) 136.05; (P) 136.61; (R1) 137.46; More… USD/JPY’s decline from 151.93 resumed by breaking through 133.61 support, and intraday bias is back on the downside. Immediate focus is now on 55 week EMA Read more…
Daily Pivots: (S1) 0.9265; (P) 0.9307; (R1) 0.9328; More… Intraday bias in USD/CHF remains neutral at this point. On the downside, break of 0.9214 will resume the fall and target 61.8% projection of 1.0146 to Read more…