EUR/JPY rebounded into the mid-135.00s as the yen suffered from higher yields and the euro benefitted from hot EZ inflation. ECB rhetoric was also notably more hawkish and, as a result, short-term EUR/JPY bulls are eyeing a retest of 137.00. EUR/JPY rebounded back into the mid-135.00s on Friday as higher yields, particularly in the US weighed
Month: April 2022
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NZDUSD trades above and below the 100/200H MAs The NZDUSD has been trading above and below its near converged 100/200 hour MAs at 0.6938 area. The current price is trading at 0.6930 – below those two key moving average levels. However, adding some caution is that the price has been trading above and below those
With the bond selloff resuming, USD/JPY is tracking higher although it is off its earlier high of 122.75 to 122.30-40 levels currently. The pair stays underpinned as month-end and quarter-end trading is also out of the way now, allowing traders to focus a little bit more with less uncertainty. The dollar in itself is trading
TOKYO – The International Energy Agency will hold an emergency meeting on Friday among consuming nations to discuss a new release of strategic reserves alongside a plan by the United States to pump massive supplies starting in May to cool soaring oil prices. Major consumers are seeking ways to ease the impact of global oil
The forex markets are rather steady in Asian session today. Focuses will turn to Eurozone CPI flash and US non-farm payrolls employment. Euro is so far still the strongest one for the week, but it will need some inspiration from inflation data to give it another lift. Dollar will particularly look into wage growth data
Much of the CAD upside has come over recent sessions with USD/CAD losing ground during 14 of the last 16 trading days. Economists at Rabobank expect the pair to edge lower towards 1.24 over the next quarter. Room for USD/CAD to rise back above 1.26 in the second half of 2022 “We have revised our