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USD: A volatile session for the Yen

USD
USBulletMarketsForeign Exchange BulletsNorth America
  • G10 FX sees an unchanged picture overall, the Yen is once again the standout volatile mover, close to a 100 pips range (91 pips), the fall in US Yield in the past two sessions have been supportive, and the Japan GDP beat overnight has put the Yen as the early best performer versus the Dollar within G10 Currencies.
  • Regardless of the Yen bid, the main area of interest in USDJPY is still seen further out, down to 150.90, the 10th December low, where it fell to break that level on the 7th February, when it printed a 150.93 low.
  • AUD and the NZD are the second and third best performer at the start of the Week, despite that both the RBA and RNBZ are expected to cut Rates this Week, a 25bps and 50bps respectively are expected by most Economists.
  • The AUDUSD and NZDUSD see quite similar charts, next resistance in the AUDUSD is seen at 0.6414 (38.2% retracement of the Oct/Feb range), and at 0.5792, followed by 0.5846 (38.2% retracement of the Oct/Feb range) for the NZDUSD.
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  • G10 FX sees an unchanged picture overall, the Yen is once again the standout volatile mover, close to a 100 pips range (91 pips), the fall in US Yield in the past two sessions have been supportive, and the Japan GDP beat overnight has put the Yen as the early best performer versus the Dollar within G10 Currencies.
  • Regardless of the Yen bid, the main area of interest in USDJPY is still seen further out, down to 150.90, the 10th December low, where it fell to break that level on the 7th February, when it printed a 150.93 low.
  • AUD and the NZD are the second and third best performer at the start of the Week, despite that both the RBA and RNBZ are expected to cut Rates this Week, a 25bps and 50bps respectively are expected by most Economists.
  • The AUDUSD and NZDUSD see quite similar charts, next resistance in the AUDUSD is seen at 0.6414 (38.2% retracement of the Oct/Feb range), and at 0.5792, followed by 0.5846 (38.2% retracement of the Oct/Feb range) for the NZDUSD.