The EUR/JPY rebounded from 136.29 weekly lows and reclaimed the 137.00 area towards Thursday’s close. The cross-currency pair is neutral-to-downward biased, and a break below 136.31 will send the pair sliding towards 135.80. The EUR/JPY jumps off weekly lows and trims some of Wednesday’s losses amidst a mixed market mood as reflected by the US… Read More »
The AUD/JPY is trading near two-week highs around 94.66. Risk appetite is mixed, as shown by Wall Street, finishing mixed. In the short-term, the AUD/JPY could test 95.00; otherwise, a fall towards the 100-EMA is on the cards. The AUD/JPY snaps two days of losses and advances after Wall Street closed mixed as investors’ upbeat… Read More »
USD/TRY keeps the side-lined trading below 18.00. Türkiye Current Account deficit came at $3.46B in June. US Producer Prices contracted 0.5% MoM in July. USD/TRY reverses two consecutive daily pullbacks and resumes the upside near 17.96 on Thursday. USD/TRY holds on just below 18.00 Bulls keep pushing harder but there seems to be a huge… Read More »
AUD/JPY reverses the previous day’s gains amid cautious optimism, downbeat Aussie data. Australia Consumer Inflation Expectations eased to 5.9% from 6.3% in August. US tariff chatters, covid fears in China test buyers despite US inflation-led market optimism. Yields, risk catalysts are important for clear directions amid a light calendar. AUD/JPY holds lower grounds near the… Read More »
EUR/JPY remains pressured towards short-term key SMA after declining the most in more than a week. Downside break of the one-week-old support line keeps sellers hopeful. 200-SMA, descending trend line from late June adds to the upside filters. EUR/JPY holds lower ground near 136.80, after renewing the multi-day low on the break of the weekly… Read More »
AUD/JPY has been seesawing within a 60-pip trading range for the last couple of days. The AUD/JPY daily chart is neutral, while the hourly time-frame further cements the case for consolidation. The AUD/JPY finished Wednesday’s session almost flat, forming a quasi dragonfly-doji, meaning that neither buyers/sellers dominated the trading session amidst a risk-on impulse. Factors… Read More »
EUR/JPY daily chart forms a bearish-engulfing candle pattern with bearish implications. In the short-term, the EUR/JPY might print a leg-up before extending the downtrend. The EUR/JPY plunged on Wednesday due to a risk-on impulse spurred by US inflation data, which ticked lower, dissipating the Federal Reserve’s need for an aggressive tightening. The reaction was that… Read More »
USD/TRY keeps the erratic trade just below 18.00. Türkiye Unemployment Rate ticked lower to 10.3% in June. US CPI next of note in the docket. The Turkish lira loses some ground and motivates USD/TRY to resume the upside on Wednesday, always amidst the prevailing multi-session consolidative theme. USD/TRY remains capped by 18.00 USD/TRY fades Tuesday’s… Read More »
The AUD/JPY advanced on Tuesday, despite a pessimistic market sentiment. From a daily chart perspective, the AUD/JPY is neutral biased, in a narrow range. AUD/JPY Price Analysis: Favors bulls above 94.40; otherwise, a break below 93.90 keeps bears in charge. The AUD/JPY edges lower as the Asian Pacific session begins, spurred by a risk-off impulse… Read More »
The EUR/JPY daily chart illustrates the pair as neutral-to-downwards biased. In the short term, the EUR/JPY might test the 20-day EMA at 138.20 before tumbling to 137.00. On Tuesday, the EUR/JPY finished the session with minimal gains of 0.28%. However, as the Wednesday Asian session begins, the JPY appreciates while Asian stocks are set for… Read More »
