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

USD/JPY retakes 100.00

FXstreet.com (Edinburgh) -The USD is gathering steam now, as the risk appetite seems to be taking a breather on Tuesday and pushing the USD/JPY beyond the triple-digit resistance.

USD/JPY back to 100.00

The Japanese yen has resumed its depreciation as risk appetite trends have re-emerged after the poor US Payrolls last Friday. In the same tone, the gap between JGB yields and overseas bond markets continues to widen, removing support for the yen. There is no further news regarding the sales tax hike although PM S.Abe would encourage more growth-oriented measures. “This textbook combination of fiscal tightening and looser monetary policy is set to keep the yen weakening. For now USDJPY is likely to remain supported by modest expectations of the Fed tapering its quantitative easing. But over the medium term, the risk of another major increase in Japan's quantitative easing is also set to push the currency pair higher over the next few months”, assessed Mansoor Mohi-uddin, Director of FX Strategy at UBS.

USD/JPY key levels

The pair is now up 0.45% at 100.02 facing the next hurdle at 100.24 (high Sep.6) followed by 100.45 (highs Jul.24/25) and finally 101.05 (high Jul.22). On the flip side, a breakdown of 99.47 (low Sep.10) would open the door to 99.34 (low Sep.9) and then 99.25 (cloud top).

Flash: USD/JPY weaker as global risk sentiment improves - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the yen is continuing to trade on a weaker footing as global investor risk sentiment improves and yield spreads between Japan and overseas widen.
Read more Previous

EUR/USD wanes to session lows, overbought?

The EUR/USD foreign exchange rate edged lower to fresh lows Tuesday, as the recent rally has since stalled during European trading, leading to more questions than answers.
Read more Next