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: steady ahead of Tokyo open; a test of 100-D SMA?

  • EUR/JPY: stocks under water, correction running out of steam? 
  • EUR/JPY: a quiet start to Asia, Tokyo to offer anything?

Capped by the 100-D SMA at 133.09, EUR/JPY was trading at its highest since 15th Feb in late Asia before a drop in US equities, (investors showed concerns over rising interest rates), and while the DXY runs up gains to just a few pips shy of the 90 handle. Currently, EUR/JPY is trading at 132.58, up 0.03% on the day, having posted a daily high at 132.66 and low at 132.54.

It is all quiet out there at the end of the week and the cross is stationary at the 100 hourly sma having just recovered from the sell-off down to 132.35. There are no market-moving data releases scheduled, although Japan has just released the March CPI data and in line with expectations, down from 1.5%yr in Feb at 1.1%yr, (well below Bank of Japan’s 2% target). 

Eyes on Tokyo open, recovery capped? 

Wall Street bears take the lead after three days of gains

Fundamental wrap: GBP/USD's rally to YTD highs a potential head fake

Instead, against a backdrop of higher global yields and looking ahead to the open of Tokyo, stocks are set to open in the red following Wall Street's performance and continued angst in the 'tech' sector as shares come under earnings pressure again - recovery capped here?

EUR/JPY level

EUR/JPY remains above the 200-D SMA at 132.25 while capped at the 100-D SMA and is consolidating within the relatively wide range as daily RSI turns lower. On a pause and a break higher again, eyes remain on the February 21 highs at 133.05/09.  

Analysts at Commerzbank argued that dips lower should find interim support at the 131.82 late March high, "and further support along the two month support line at 131.73 as well as at the 131.16 November low. This guards the March low at 128.96."

Japan National CPI Ex-Fresh Food (YoY) meets forecasts (0.9%) in March

Japan National CPI Ex-Fresh Food (YoY) meets forecasts (0.9%) in March
Read more Previous

AUD/NZD trying to stage a climb once again after falling in yesterday's risk-off mood

The Aussie rose and then fell against the Kiwi in Thursday's trading, ending the day flat and the pair now hovers near 1.0635. The AUD/NZD had a stea
Read more Next