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USDJPY made an attempt at 157.00

USD
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  • The Dollar remains within ranges going into the European session, and still some fairly tight ranges in G10, EURUSD in 10 pips, Cable 16 pips, AUDUSD 20 pips.
  • NZD is again the best early performer following more Hawkish rhetoric, but NZDUSD hasn't managed to test Yesterday's top print of 0.6152, which was also the highest level since mid March.
  • Main focus in FX is right back on the Yen, with USDJPY now gaining some 330 pips in the past 6 sessions.
  • USDJPY traded through 156.74 overnight, but didn't quite managed to break above 157.00, printed a 156.90 high so far.
  • Next upside area of interest will be at 157.59, not a tech level, but where it was trading on the Second supposed intervention on the 1st May.
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  • The Dollar remains within ranges going into the European session, and still some fairly tight ranges in G10, EURUSD in 10 pips, Cable 16 pips, AUDUSD 20 pips.
  • NZD is again the best early performer following more Hawkish rhetoric, but NZDUSD hasn't managed to test Yesterday's top print of 0.6152, which was also the highest level since mid March.
  • Main focus in FX is right back on the Yen, with USDJPY now gaining some 330 pips in the past 6 sessions.
  • USDJPY traded through 156.74 overnight, but didn't quite managed to break above 157.00, printed a 156.90 high so far.
  • Next upside area of interest will be at 157.59, not a tech level, but where it was trading on the Second supposed intervention on the 1st May.