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.
Cancel Confirm
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.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
14 Mar 2018

USD/JPY: 21-D SMA supports, BoJ minutes easy and USD/JPY pops pips

  • USD/JPY: Tokyo early birds buy in post BoJ 'easy' minutes.
  • USD/JPY: supported by 21-D SMA.

USD/JPY has been stabilising after a better offered overnight session on the US political events and CPI data disappointment.

Funda wrap: White House's revolving door sends dollar and Tillerson packing

USD/JPY made a roundtrip from 106.50 to 107.29 and back overnight. USD/JPY is currently trading at 106.66, up 0.08% on the day, having posted a daily high at 106.71 and low at 106.39 after the BoJ minutes. 

BoJ Meeting Minutes: more of the same, no plans to act:

The Bank of Japan (BoJ) is out with their Monetary Policy Meeting Minutes from the central bank's January discussion. The BoJ governor Haruhiku Kuroda along with his fellow board members are continuing to hold steady to their easy monetary policy stance until inflation reaches their 2% target, and market expectations of an early taper from the BoJ continue to dwindle.

CPI break down:

GDP tracking update and CPI reviewed - Nomura

CPI was rising at an annualized 2.2% during February and 0.2% inter-month, but, taking out food and energy costs, CPI only rose 1.8% year/on year and by just 0.2% on a monthly basis vs 0.3% prior. Thus, this is where the markets have started to discount a fourth or even a third rate hike in 2018 when coupled to the disappointment in the nonfarm payrolls wages data last Friday. The US 10yr treasury yield fell from 2.88% to 2.84% following the US data and news, while 2yr yields held around 2.25%.  Fed fund futures continued to price three more hikes by end-2018 (and another hike in 2019).

USD/JPY levels

Valeria Bednarik, chief analyst at FXStreet explained that the 4 hours chart shows that it stands at daily highs, with technical indicators maintaining their upward momentum within positive territory, and at their highest for this week, as the price extends above a directionless 100 SMA:

"The 200 SMA in the mentioned chart heads modestly lower around 107.60, providing an immediate resistance ahead of the 108.00 figure. A slide below 107.00, on the other hand, will see next supports at 106.60 and 106.35," Valeria added.

Mar 14, 2018

NZD/JPY trying to lift itself out of fear-fueled hole brought on by Tillerson axing

The NZD/JPY is lifting at the outset of Tokyo trading, heading into 78.20 as the market reacts to the Bank of Japan's (BOJ) Monetary Policy Meeting Mi
Read more Previous
Mar 14, 2018

USD/CNY: model fix projection: 6.3224 - Nomura

Analysts at Nomura offered their model's projection for today's USD/CNY fix. Key Quotes: "Our model1 projects the fix to be 6 pips higher than the p
Read more Next