USDJPY Near 8-year Highs

Key Highlights US dollar continues to rocket higher, especially against the Japanese Yen as the USDJPY pair is trading near 8-year highs. A monster resistance around 124.00-20 is waiting for the US Dollar buyers. In Australia, the Westpac Leading Index released by the Melbourne Institute came in at 0.1%, compared with the forecast of -0.3%. USDJPY – Technical Analy...
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AUDJPY Trend Overwhelmingly Negative as Japanese GDP Impresses

Key Highlights Japanese Yen managed to gain bids against a few major currencies, including the Australian Dollar. Japanese Gross Domestic Product released by the Cabinet Office posted an increase of 0.6% in Q1, compared to the forecast of 0.4%. Australian Westpac Consumer Confidence released by the Faculty of Economics and Commerce Melbourne Institute increased by 6.4% ...
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EURJPY – Bulls In the Driver’s Seat

Key Highlights Euro continued to gain traction against the Japanese Yen, as buyers were in control. EURJPY is facing a crucial resistance around 136.40-50 area, and a support on the downside around 135.20. Japanese Domestic Corporate Goods Price Index released by the Bank of Japan increased by 0.1% in April 2015, compared to the preceding month. Japanese Domestic Goo...
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AUDJPY – Australian Dollar Poised for Continued Strength

Key Highlights Australian Dollar enjoyed decent gains against the Japanese Yen, as the Australian Home Loans report exceeded the market expectation. Australian Home Loans released by the Australian Bureau of Statistics posted an increase of 1.6% in April 2015, compared to the forecast of a 1% rise. AUDJPY managed to settle above an important resistance area and looks se...
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Aussie Dollar Sell-off Could Continue Ahead of RBA Decision

Key Highlights Aussie Dollar/Japanese Yen exchange rate is trading around a crucial support area. Australian Building Permits released by the Australian Bureau of Statistics registered an increase of 2.8% in March 2015, compared to the preceding month. A sharp decline in AUDJPY stalled around an important support trend line that might act as a catalyst moving ahead. ...
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EURJPY Channel Break Near?

Key Highlights Euro traded higher recently against the Japanese yen, but failed to overtake a major resistance at 128.50-70. EURJPY has formed a sliding channel, which if breached might ignite moves in the short term. German Economic Sentiment will be published by the ZEW today, which is forecasted to increase from 54.8 to 55.5. Technical Analysis The Euro surged ...
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