Sell usdcad can be interesting here without any fundamental reason
it seems EUR need some breathe from here, with decline in oil price we can expect this scenario
based on fundamental and some technical analysis! I think there's a bit of a catchup trade ongoing in FX today after the recent drop in Treasury yields. US 2s are down to 2.33% from as high as 2.59% on Monday. The dollar ignored that decline on Monday and Tuesday but now it's payback time.
The 200 hour MA (green line) has acted as a barometer for bullish and bearish going back to last week. There have been a number of moves above and below the moving average, but the price tends to react to it shifting the bias on breaks (or holds) one way or the other.
The 200 hour MA (green line) has acted as a barometer for bullish and bearish going back to last week. There have been a number of moves above and below the moving average, but the price tends to react to it shifting the bias on breaks (or holds) one way or the other.
Near-term USD/JPY movements will depend on how the Ukraine situation unfolds, but the widening divergence in monetary policy between Japan and the US will likely limit the risk of a strong JPY. Market attention on Japan's inflationary pressures is also on the rise. but i think it's not true anymore! japan now feel the inflation !