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
Crypto Today: Bitcoin continues to pull away from highs, ether extends rally

The BTC/USD pair lost nearly $2000 on Wednesday and tested the $16K handle before going into a consolidation phase above that level. According to the latest available data on coinmarketcap.com, the pair was trading at $16680, losing 4.85% on the day. Today's slide in bitcoin prices seems to be the p

01:00 14 December /2017 Forex

We do not expect too deep a USD pullback - Westpac Eren Sengezer

"There are a couple optimistic tweaks here and there but otherwise the Fed delivered a steady policy message. The USD and yields have fallen, markets probably disappointed the Fed did not deliver a more decisive signal," Westpac economist Richard Franulovich wrote in a recent report.Key quot

01:00 14 December /2017 Forex

Yellen's swan song: Few surprises - BBH Eren Sengezer

"The Federal Reserve hiked the Fed funds target by 25 bp for the third time this year, as was widely expected.   Both the Chicago and Minneapolis Fed presidents dissented," pointed out BBH analysts.Key quotes

00:00 14 December /2017 Forex