Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

EUR/JPY buyers again step in at 131.00, support remains firm

FXstreet.com (Barcelona) - The EUR/JPY is edging lower during Asia trade, down 30 pips at 131.80 but well off the lows set earlier in the session at 130.99.

From a technical perspective, the pair appears to be consolidating gains, which would be a constructive development on the daily chart after the sharp move higher last week. It will be important to monitor the lower end of the trading range (131.00 area), as a close below here would be a bearish development and could lead to additional weakness. On a final note, Both short term moving averages and the RSI (14) remain in bullish technical set up.

According to Val Bednarik at FXStreet.com, “The EUR/JPY erased all of past week gains at the opening, falling to 130.96 and leaving a big gap following Japanese Economy Minister Amari´s comments, stating yen’s excessive strength has been largely corrected and further weakness could even be harmful. The hourly chart shows price however quickly recovering 100 pips, with price struggling to overcome 100 SMA, around current levels, although indicators head strongly south around their midlines: if price is unable to recover the 132.00 level, a retest of the daily low is likely although losses will be less abrupt that this initial market move”

Flash: USD trend should continue – Societe Generale

With the USD index last around the 84.20 level, retracing from Friday's fresh almost 3-year highs above the 84.35, Senior Currency Strategist at Societe Generale Sebastien Galy believes the greenback is poised to move higher.
Read more Previous

Flash: USD remains favoured currency for 2013 - UBS

According to Mansoor Mohi-uddin, Head of Foreign Exchange Strategy at UBS Macro Research, the USD remains the currency of choice for the Swiss bank in 2013, based on that “the US economy is likely to expand more than its peers,” the analyst notes.
Read more Next