Back

SEB: Another sub-118 test in the offing for USD/JPY – eFXnews

FXStreet (Barcelona) - The eFXnews Team notes SEB feels a downside risk for another attempt towards 118 persists for the USD/JPY pair.

Key Quotes

“The near-term move lower is getting some traction. Despite the intraday overstretch/short-term 'Kijun-Sen' rejection yesterday the downside risk for another 118-attempt persists. A move below this local support would lower the bar to be a late Nov reaction low of 117.24. Resistance pockets are located at 119.92 & 121.01. Current intraday stretches are located at 118.60 & 120.40.”

BoE's McCafferty: Monetary policy in an uncertain economy

Speaking at the Institute of Directors, Bank of England Monetary Policy Committee member Ian McCafferty defended his stance in voting for a rate hike in August-November MPC meetings. However, he stressed that his comments today reflect his thinking up to the November Inflation Report and not necessarily December.
مزید پڑھیں Previous

EUR/USD correlating closely with rates now – SG

Kit Juckes, Global Head of Currency Research at Societe Generale, notes that with the peripheral spreads being range-bound, the correlation between EUR/USD and the 2-year EU/US rate differential is very high.
مزید پڑھیں Next