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Japan’s yen pared its biggest five-week loss since 1995…

  Good Morning,   – Japan’s yen pared its biggest five-week loss since 1995 as Finance Minister Taro Aso said its decline has been too fast. Most Asian stocks fell, with the regional index headed to its biggest weekly retreat since mid-October. The yen last trade to 117.70 levels per dollar, paring its loss since […]

Japanese Stocks Plunged During Asian Session

  – Oil, Copper Rise in Asia Risk Rally; Gold in Range with Fed Blackout. (Source: DailyFX) – BoJ Board Member Shirai: Important for BoJ to maintain accommodative environment, Mid to long term inflation expectations are around 1%. What’s more, Japanese Prime Minister Shinzo Abe pledged to follow through with a corporate-tax cut, a day […]

GBPJPY is reaching 154 level!

GBPJPY is having a great upside rally and it is approaching another major resistance and potential daily target, the Fibonacci retracement level 78.6% at 154- 154.1. The bears may look for a selling opportunity near this zone. Daily Heading to hourly timeframe, we have noted an important level, 152.14, which acts as support. The buyers […]