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
Trading news
Back
1 Aug 2018

USD/JPY drops further after Fed’s meeting and ahead of tariffs announcement

  • US Dollar weakened across the board after the Federal Reserve left rates unchanged.
  • USD/JPY extends losses below 111.50 ahead of an announcement regarding US tariffs.

The USD/JPY pair was moving with a bearish bias before the meeting and dropped further following the release of the statement. It bottomed at 111.41, a fresh daily low. It was trading at 111.45, more than 70 pips below the weekly high it reached earlier at 112.13.

The Fed left its target range rate at 1.75-2.00% as expected, in a unanimous decision. According to the central bank, the US economy is strong and left the doors open to a September rate hike.

The slide of the US dollar could also be attributed by the announcement that will take place at 19:30 GMT at the White House regarding tariffs. According to Dow Jones reports, Trump will announce an increase in tariffs for Chinese products from 10% to 25%.

A decline in equity prices in Wall Street and a move to the downside in US yields also helped the move lower in USD/JPY. The US 10-year yield is back under 3.0% while the Dow Jones is down 0.30%.

USD/JPY Levels to watch

To the downside, support levels might be seen at 111.25 (Jul 26 & 27), 111.00 and 110.70/75 (Jul 23 & 27 low). On the other direction, immediate resistance could be located at 111.65 followed by 111.95 (Jul 31 high) and 112.20.

Aug 1, 2018

More hikes in store, but not today - Nordea

Jan von Gerich, the Global Fixed Income Strategist for Nordea explained that the Fed made only small tweaks to its statement today, characterizing eco
Read more Previous
Aug 1, 2018

EUR/USD Technical Analysis: Attempting to stabilize near 1.1672-post FOMC

EUR/USD 15-minute chart  Spot rate:             1.1672 Relative change:   -0.20%   High:                    1.1700 Low:                     1.16
Read more Next