Can we test 9.4175 then 9.4475?
One of the biggest movers overnight, JPY is down 0.41% vs USD in the G10 space. CitiFX Technicals points out that 10y in US have broken out and real yields are pushing higher. 10y JGBs still stay in the rare negative area suggesting USDJPY should push higher. We would caution around chasing this move here but expect to see buyers around 111.40-50 area. Yields...
A break of this 0.8620 is calling for the completion of a top. GBPUSD is on the move with the help of political comments pushing the EURGBP to lower level. Reaction High at 0.8620/30. Sell rally.
USDYEN: On the left daily time frame. 111.35 the 200 SDMA On the right short term 111.40 (rejection high). 111.37 (low 26 OCT18) Thats the frist serious resistance followed by 111.55 then 111.77/80. I am flat looking to sell.
EUR/USD has room to extend recent gains but bulls will tread cautiously ahead of Fed Chair Powell's testimony to Congress on Tuesday and Wednesday and also euro zone inflation data. The U.S. decision to delay additional tariffs on China and news on Friday that Fitch Ratings affirmed Italy's BBB rating have underpinned the current EUR/USD lift. Bulls are...