Analytics

Forex News

Forex

USD/JPY: now steadied after big sell off on Trump presser, 100 pips lower Ross J Burland

18:46 11 January /2017 Forex

Currently, USD/JPY is trading at 116.01, up 0.33% on the day, having posted a daily high at 116.88 and low at 115.63.USD/JPY has been spanked with the greenback falling across the board and is losing ground across the board as Trump introduces the headway that he is making leading into his inauguration just 9 days away. The presser started with Trumps administration defending Trump in respect to the 'fake news' situation before Trump took the stand and started to talk up his business initiatives.Trump opened talking about how the auto industry will be expanding with Fiat, Ford and Chrysler who will be building new plants in the US while Ford are cancelling their contract to build a billion dollar plant in Mexico and instead build business onshore. Trump then started taking questions in respect to Russian ties/ potential hacks and fake news. He is now taking questions about his tax returns and business deals and potential conflicts of interest.USD/JPY levelsWith spot trading at 116.02, we can see next resistance ahead at 116.15 (Hourly 20 EMA), 116.19 (Hourly 100 SMA), 116.27 (Daily Classic R1), 116.29 (Daily 20 SMA) and 116.36 (Yesterday's High). Support below can be found at 115.72 (Daily Classic PP), 115.63 (Daily Open), 115.63 (Daily Low), 115.57 (Weekly Low) and 115.57 (YTD Low).

to other news

all news
Catalan President: People of Catalonia cannot accept measures decided by Spanish govt

Catalan leader Carles Puigdemont was on the wires, via Reuters, noting that Spanish government steps on Catalonia are "worst attacks" since dictatorship of Francisco Franco.More headlines:

22:23 21 October /2017 Forex

Fed's Yellen: Removal of monetary policy accommodation working well so far Felipe Erazo

Speaking at the Herbert Stein Memorial Lecture in Washington DC, Federal Reserve's chairwoman Janet Yellen stated that economy is doing well, but future downturns likely to require renewed use of unconventional policy.In a speech titled "Monetary Policy Since the Financial Crisis", Yellen stressed t

02:46 21 October /2017 Forex

Wall Street advances on Friday on heightened expectations of tax overhaul Eren Sengezer

Following a positive start to the day, major equity indexes in the U.S. extended their upside as investors cheered the US Senate's approval of the 2018 fiscal year budget plan, which would open the door for the Republicans to go through with their tax reform without the support of the Democrats.“It

23:23 20 October /2017 Forex