ActionForex

Yen is mildly firmer today after BoJ kept rates unchanged at near 0% and maintained its massive monetary stimulus as widely expected. That is, it will continue to increase the monetary base by JPY...

GBP/JPY Daily OutlookDaily Pivots: (S1) 156.26; (P) 157.54; (R1) 158.40;Intraday bias in the GBP/JPY remains neutral for the moment. More consolidation could be seen but still, near term outlook stays...

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.35; (P) 158.07; (R1) 158.66;Intraday bias in the GBP/JPY remains neutral for the moment. More consolidation could be seen but still, near term outlook stays...

The dollar remains soft against other major currencies in Asian session today. After a meeting between US president Obama and congressional leaders, there was still not resolution on the fiscal...

GBP/JPY: Daily OutlookDaily Pivots: (S1) 158.13; (P) 159.03; (R1) 159.63;Intraday bias in the GBP/JPY remains neutral for the moment. More consolidation could be seen, but still near term outlook...

While the US government started its first partial shutdown in 17 years, the DOW reversed initial weakness to close higher by 62 pts. The dollar also recovered after hitting an 8 month low against the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.75; (P) 158.58; (R1) 159.78;The GBP/JPY rebounds strongly but stays in range below 159.98 temporary top. Intraday bias stays neutral first. More...

The dollar stays soft in Asian session as the first US government shutdown in 17 years looms. There were hope of a temporarily funding extension, but that was dented as politicians failed to agree on...

GBP/JPY Daily Pivots: (S1) 158.15; (P) 158.62; (R1) 158.99; The GBP/JPY is staying in tight range below 159.98 for the moment and intraday bias stays neutral for some more consolidations. But, near...

The euro opened the week sharply lower, unsettled by political turmoil in Italy. The Italian cabinet failed to agree on the measures to lower the budget deficit to meet EU's limit. Prime minister...

Markets lacked a clear direction last week. The speculations on Fed's tapering, which was a main market drive in August and early September, faded. Markets seemed to be pricing out of October tapering...

GBP/JPY Daily OutlookDaily Pivots: (S1) 158.11; (P) 158.68; (R1) 159.35;The GBP/JPY continues to stay in tight range below 159.98 temporary top and intraday bias remains neutral for the moment. Some...

The Yen strengthens mildly in Asian session on higher than expected inflation data. National CPI core rose to 0.8% yoy in August, up from 0.7% yoy, versus consensus of being unchanged at 0.7% yoy....

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.47; (P) 158.15; (R1) 158.93; Intraday bias in GBP/JPY remains neutral for some more consolidations below 159.98 temporary top. But near term outlook stays...

The forex markets are still generally staying in tight range as consolidation continues. Yen is a bit softer in mid-Asian session but yen crosses are generally held below this week's high and thus...

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.24; (P) 158.10; (R1) 158.86Intraday bias in the GBP/JPY remains neutral for some more consolidations below the 159.98 temporary top. But, near term outlook...