OctaFX | OctaFX Forex Broker
Entrar
Abrir una cuenta
Back

Forex Flash: Position for a USD/JPY pullback via options – TD Securities

The Yen is running very weak today, being the worst performer among the majors on headlines regarding the stepping down of BoJ Governor Shirakawa (the same time as his Deputy Governors’ terms expire, but a little over two weeks ahead of the end of his term) and reasons behind such move.

"The notion that the BoJ could be prepping for stronger policy action at their early April meeting is the reason for the weight on the JPY, while overnight news of flaring political tensions with China have only added to the pressure", wrote analyst Richard Kelly, not expecting much extension in the USD/JPY rally as much appears to be priced in. "Picking a top looks particularly risky for this pair, however, so we suggest positioning for a pullback via options", he added.

US: IBD/TIPP Economic Optimism rises to 47.3 in February

From 46.5, economic optimism in the US rose to 47.3 in January, according to IBD/TIPP, beating consensus of 46.1.
Leer más Previous

Forex Flash: EUR/AUD strength hinges on European stability – Westpac

According to Sean Callow, an FX Strategist at Westpac, “The pair left its major EUR/AUD moving averages far
behind last month, however the
1.3100/1.3200 area should at least generate some congestion though most resistance levels don’t seem likely to prove especially strong if European political concerns subside, encouraging a resumption of EUR outperformance.”
Leer más Next
Iniciar chat en vivo