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USD/JPY continues sideways trading range

FXstreet.com (New York) - The USD/JPY foreign exchange rate has maintained a static range during US trading Tuesday, unable to break higher into the 98.00 region.

USD/JPY neutrality remains intraday

According to the Technical Analyst Team at ICN.com, “The USD/JPY is trading below 97.60 and failed to consolidate above it. RSI is also moving to the downside in an attempt to break level 50 to the downside, while Linear Regression Indicator 34 became negative. All these circumstances force us to think that the upside move became weaker. Therefore, we will be neutral in the U.S. session and cancel our previous expectations.”

Presently, the USD/JPY has continued to gravitate towards a linear path, now operating at just -0.01% off its opening Tuesday - in these moments the pair is residing at 97.76. The Mataf.net analyst team calculates short-term supports at 97.71, then 96.42, and 95.63.

USD/CHF fails to hold above 0.9400

The USD/CHF lost momentum after printing a 2-week high above 0.9400, and retraced some of its gains during the American afternoon.
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Flash: Capital efficiency increases resilience to JPY appreciation – RBS

While many observers immediately envision a scenario of a sudden disruption of Japan's economic growth from a decline in overseas demand and a return to yen strength based on past trends, we expect the recent improvement in profitability of industries with low export reliance to offer a buffer against the risk of lower corporate profits, reiterates the RBS Research Team.
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