ActionForex

GBP/JPY Daily OutlookDaily Pivots: (S1) 148.32; (P) 151.26; (R1) 153.17; Intraday bias in GBP/JPY has turned neutral for the moment. On the downside, below 148.18 will extend the decline from 156.77...

The yen is maintaining most of the post BoJ gains that were lifted by risk aversion. The DOW reversed some of this week's rally and dropped -116.6 pts overnight, or -0.76%. The Nikkei followed,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.27; (P) 153.23; (R1) 154.70;The GBP/JPY rebounded further, breaching 153.58 minor resistance. Intraday bias is back on the upside, and a further rise is on...

Yen crosses were taken higher overnight by surging U.S. treasury yields, but pared gains after the BoJ policy rate was left unchanged at 0-0.1%. The target of annual increase in monetary base was also...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.20; (P) 150.61; (R1) 153.04;The GBP/JPY's recovery from 148.18 extends higher today. But with 153.58 minor resistance intact, risk remains on the downside....

The Aussie and Kiwi weakened as the week started in response to a batch of weak economic data from China released over the weekend. In May, the CPI moderated unexpectedly to 2.1% yoy in May, down from...

Markets had a rollercoaster ride last week, as expectations on the timing of Fed's tapering of the asset purchase program flip-flopped on mixed U.S. economic data. The DOW dived as low as 14844 on...

GBP/JPY Daily OutlookDaily Pivots: (S1) 149.87; (P) 151.72; (R1) 153.11;The GBP/JPY dropped as low as 149.22 Thursday, and intraday bias remained on the downside. We recommend caution on rebound from...

The yen surged broadly overnight Thursday, while the dollar tumbled and U.S. treasury yield dropped sharply. The 10 year yield dived to as low as 1.999% before closing at 2.075%. The yen maintained...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.06; (P) 152.90; (R1) 153.42;The GBP/JPY continues to stay in choppy sideways trading in tight range, and outlook is unchanged. Consolidation from 156.77...

Asian equities are broadly lower today, following the sharp -217 pts fall in DOW overnight, which was the second largest this year. While the economic data released from U.S. were mixed, it's believed...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.39; (P) 153.09; (R1) 153.91;The GBP/JPY continues to stay in tight range choppy sideways trading, and outlook is unchanged. Consolidation from 156.77 might...

The dollar is mixed as markets anticipate the release of employment and services data due today. Expectation on the timing of Fed's policy exit will continue to be adjusted, based on incoming economic...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.84; (P) 152.53; (R1) 153.15;Intraday bias in GBP/JPY remains neutral at this point. The consolidation from 156.77 could continue. Below 151.77 will bring...

The dollar weakened overnight as weaker than expected economic data cooled speculation that the Fed is going to scale back stimulus soon. The USD/JPY breached the 99 handle and the yen strengthened...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.87; (P) 153.05; (R1) 153.73;Intraday bias in GBP/JPY remains neutral for now. Consolidation from 156.77 could continue. Below 151.77 will bring deeper pull...