ActionForex

The highly anticipated BoJ meeting was the main focus last week, and new governor Kuroda didn't disappoint. The currency was sold off broadly after the governor announced radical monetary easing...

The yen dropped sharply as the week started. The Nikkei jumped over 300 pts in initial trading in response to the BoJ's announcement last week. it's reported that the Central Bank could start buying...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.46; (P) 144.63; (R1) 148.90;The GBP/JPY rose sharply to as high as 147.88 so far. The break of 145.85 resistance indicates that consolidation from 147.97...

The Yen's post BoJ weakness remains the general theme today, as USD/JPY jumps to 3 1/2 year high of 97.19 and took out 96.70 resistance to resume recent up trend. The AUD/JPY also jumped sharply, and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.31; (P) 140.91; (R1) 141.37;The GBP/JPY pair rebounded strongly today. The break of 143.39 minor resistance suggests that fall from 145.85 has completed....

The Japanese yen dropped sharply today after BoJ governor Kuroda announced a radical policy overhaul in his first meeting. He stated that it will "conduct money-market operations so that the monetary...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.64; (P) 141.38; (R1) 141.81;Intraday bias in GBP/JPY remains on the downside for the moment. As noted before, fall from 145.85 is viewed as the third leg of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.40; (P) 142.39; (R1) 142.99;Intraday bias in GBP/JPY remains on the downside for the moment. As noted, a fall from 145.85 is viewed as the third leg of the...

Strong risk sentiments sent the DOW to new record high of 14662 overnight, supporting the dollar's broad strength. Main focus will turn to today's U.S. job and services data. The ADP employment report...

The dollar is still feeling the weight from yesterday's ISM manufacturing index, and remains broadly soft. There is some more profit taking driving the USD/JPY down ahead of the BoJ meeting. The euro...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.99; (P) 142.89; (R1) 143.77;We're still favoring the case that rebound from 137.87 has finished at 145.85 already. Fall from there is viewed as the third...

Euro stays soft broadly even though markets are starting to get quiet in pre-holiday trading. Cypriot banks reopen today as the island country unveiled radical capital control measures. Under the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.58; (P) 143.05; (R1) 143.65;There was no follow through selling in GBP/JPY so far. We favor the case that rebound from 137.87 has already finished at...

DOW shrugged off weak consumer confidence data overnight, as investors focused mainly on the house price and durable goods . DOW closed at another record high of 14559 and the positive sentiments...

GBP/JPY Daily OutlookDaily Pivots: (S1) 141.57; (P) 143.17; (R1) 144.47;The breach of 142.00 minor support argues that rebound from 137.87 is likely completed at 145.85 already. Intraday bias is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.06; (P) 143.80; (R1) 144.58;Intraday bias in the GBP/JPY pair remains neutral for now. Below 142.00 minor support will indicate that rebound from 137.87 has...