Japanese Yen Soars on Japan’s Political Drama

On Thursday 12 September, the ECB is widely expected by both analysts and markets to deliver a 25bp rate cut. The moderation in the labour market and economic activity since the June meeting should fuel confidence in the disinflationary process being on track, in particularly given the slowdown in wage growth. We expect Lagarde to […]

Key Highlights USD/JPY is holding gains above the 156.20 support zone. A major bullish trend line is forming with support at 156.50 on the 4-hour chart. Gold prices are again slipping lower toward the $2,280 level. EUR/USD failed to recover above the 1.0850 resistance zone. USD/JPY Technical Analysis The US Dollar remained well-supported above the […]

GBPUSD reaches overbought area near key resistance Sellers could take control of the market below 1.2588 GBPUSD flatlined around the familiar 1.2720 resistance region, which was last tested at the end of August, after three constructive bullish weeks. The area also overlaps with the 61.8% Fibonacci retracement of the July-October downleg. The ongoing consolidation phase […]