ActionForex

GBP/JPYDaily Pivots: (S1) 172.32; (P) 172.61; (R1) 173.00; The GBP/JPY edged higher to 172.90 but failed to sustain gain and retreated. Intraday bias remains neutral first. On the upside, above...

The yen is mildly higher today after BoJ left policies unchanged as widely expected. The target of monetary base expansion is maintained at JPY 60-70T. Also, the BoJ revised up inflation forecast and...

GBP/JPYDaily Pivots: (S1) 171.25; (P) 171.75; (R1) 172.13; The GBP/JPY recovered following other yen crosses and intraday bias is tuned neutral gain. On the upside, above 173.14 will extend the...

Asian equities are mixed in spite of the rebound in US stocks over night. And, markets had little reaction to the new sanctions against Russia announced by the US and EU. US president Obama said there...

GBP/JPYDaily Pivots: (S1) 171.25; (P) 171.75; (R1) 172.13; Intraday bias in the GBP/JPY is mildly on the downside as fall from 172.78 could extend lower to 169..50. Break will argue that the third...

After failing to rebound earlier today, The yen crosses seem to be gathering downside momentum before the week closes. Risk aversion is a factor in driving the Japanese yen higher. European indices...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.53; (P) 172.85; (R1) 172.24; Intraday bias in GBP/JPY remains mildly on the downside for 169.50 support. Overall, price actions from 174.84 are viewed as a...

The yen crosses attempted to recover earlier today after weaker than expected inflation data from Japan. But the crosses were then weighed down by weakness in Asian equities. Japanese national CPI...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.35; (P) 172.06; (R1) 172.78; The breach of 171.45 minor support suggest that the rebound from 169.50 is completed at 172.78 already. Intraday bias is mildly...

New Zealand dollar is mildly higher after RBNZ raised the OCR by 25bps to 3.00% as widely expected. The accompanying statement is seen as generally hawkish. Growth is expected to be 3.5% in the year...

GBP/JPYDaily Pivots: (S1) 172.17; (P) 172.45; (R1) 172.90; No change in the GBP/JPY's outlook. While further rally cannot be ruled out, strong resistance would likely be seen at 173.14 to limit...

The Aussie tumbled sharply today on lower than expected inflation data. Headline CPI rose 0.6% qoq, 2.9% yoy in Q1. The yoy reading showed acceleration from prior quarter's 2.7% but that was below...

GBP/JPYDaily Pivots: (S1) 171.97; (P) 172.23; (R1) 172.51; The GBP/JPY edged higher to 172.49 but lost some upside momentum. While further rally cannot be ruled out, strong resistance would likely be...

Yen crosses are generally higher as stock markets strengthen mildly in thin holiday trading. Nikkei opens the day higher, it is up over 80 pts at the time of writing. That rally in US stocks where DOW...

GBP/JPY Daily OutlookDaily Pivots: (S1) 170.63; (P) 171.36; (R1) 172.43; GBP/JPY's rebound from 169.50 extended to as high as 172.10 but stays in range. Intraday bias remains neutral first. Overall...

Sterling is so far the strongest currency this week after being propelled by yesterday's employment data. Markets are in consolidative mode elsewhere. The USD is the second strongest currency but...