News

USDJPY, “US Dollar vs Japanese Yen” USDJPY quotes are in the overbought area on H4. The RSI has formed a divergence. As a result, a downward breakout of 8/8 (143.75) is expected, followed by a decline to the support level of 7/8 (142.18). The scenario can be cancelled by rising above the resistance level of […]

Events in Russia over the weekend went unnoticed in the broader market, with no increased demand for safe-haven assets observed. US Treasury short-term bond yields traded 1-2 basis points lower than the opening level, while oil prices lost momentum in Asia. The stock market during the Asian session also showed no significant signs of risk […]

Further ECB Tightening Needed EUR is rallying today against a backdrop of fresh, hawkish commentary from ECB chief Lagarde. Speaking at the opening of the ECB’s Sintra Symposium, Lagarde warned that rates need to be brought higher in order to bring inflation down. Echoing previous comments, Lagarde stressed the need to bring rates into sufficiently […]

Japan Monitoring FX Moves The Japanese Yen is strengthening today on the back of verbal interventions earlier this morning from key figures. Japanese finance minister Suzuki warned that the government is monitoring FX markets with a sense of urgency and will respond appropriately to any excessive moves. These comments echoed those of another Japanese government […]

EURUSD, “Euro vs US Dollar” The currency pair has formed a consolidation range around 1.0890 and suggests developing yet another link of growth to 1.0951 with an escape from the range upwards. After the price reaches this level, a new wave of decline to 1.0840 could begin. And when this level also breaks downwards, the […]

The Japanese yen has taken a pause in the devaluation process against the US dollar. The current USDJPY quote is 143.47. The news flow is neutral, and market reactions are subdued. However, there is something worth paying attention to. Japan has reappointed Masato Kanda as vice finance minister for international affairs for another year. He […]