ActionForex

Yen stays in tight range in the Asian session today, after this week's selloff was halted by news that opposition DPJ is going to vote down Iwata's appointment as deputy BoJ governor. The...

GBP/JPY Daily OutlookDaily Pivots: (S1) 143.00; (P) 143.39; (R1) 143.98;Intraday bias in GBP/JPY remains on the upside for the moment and the rebound from 137.87 would extend to retest 147.97...

The yen is under renewed pressure in today's Asian session, and drops to new low against the dollar on the BoJ's easing expectations. BoJ deputy governor nominee Iwata said that it can achieve the 2%...

GBP/JPY Daily OutlookDaily Pivots: (S1) 142.04; (P) 143.38; (R1) 144.51;Intraday bias in GBP/JPY remains on the upside for the moment, and the rebound from 137.87 would extend to retest 147.97...

Asian equities are broadly higher, following the strong close in the U.S. last week, when the DOW hit another record high. The dollar stays firm against other major currencies, but is stuck in tight...

Markets were dominated by strong equities, strong dollar and weak yen last week. It's clear that economic data from the U.S. showed impressive improvements in domestic economy. Meanwhile, Bernanke and...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.94; (P) 141.97; (R1) 143.39;The break of 142.76 minor resistance suggests that correction from 147.79 has already completed at 137.87. Intraday bias remains...

The Yen's weakness is the focus in today's markets as the USD/JPY pair soars through 95 psychological level. This week's job market data from US raised the expectation of a solid non-farm payroll...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.81; (P) 141.15; (R1) 141.61;With 142.76 resistance intact, GBP/JPY's correction from 147.79 is still in progress and would extend to 38.2% retracement of...

The dollar is mildly firmer in a busy day with BoJ, BoE, and then ECB rate decisions. BoJ governor Shirakawa held his last meeting today and kept rates unchanged at 0-0.1% by unanimous vote. A board...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.54; (P) 140.91; (R1) 141.61;With 142.76 resistance intact, GBP/JPY's correction from 147.79 is still in progress and would extend to 38.2% retracement of...

The dollar weakened against commodity currencies, softened a bit against European majors as DOW jumped to close at record high at 14253. Investor sentiment was solid on expectations that the Fed will...

GBP/JPY Daily OutlookDaily Pivots: (S1) 140.54; (P) 140.91; (R1) 141.61;No change in GBP/JPY's outlook. With 142.76 resistance intact, the correction from 147.79 is still in progress and would extend...

Australian dollar rebounds strongly today on better than expected retail sales and buying continues after RBA rate decision. Sales rose 0.9% mom in January comparing to expectation of 0.4% mom. RBA...

GBP/JPY Daily OutlookDaily Pivots: (S1) 139.51; (P) 140.21; (R1) 141.32;With 142.76 resistance intact, the correction from 147.79 is still in progress and could extend to 38.2% retracement of 118.82...

The aussie suffers some selloff as the week starts, while markets are generally steady elsewhere. Australian building approvals dropped for the second straight month by -2.4% mom in January, comparing...