AUD/JPY still can’t break through 83.00

The Aussie is looking for a way higher as the Yen holds steady. BoJ rate decision on Friday already has traders looking forward. The AUD/JPY has been leaning ever-so-slightly to the bullish side despite middling on the charts for the current week, and the pair is currently trading just shy o ...

USD/JPY: the cloud top is anchoring the bulls, 110 out of range?

USD/JPY: bulls losing their grip through the cloud top. USD/JPY: 110 on the cards or what will it take? USD/JPY is offered in Tokyo, where the bulls have not got the stamina to maintain the bid above the cloud top. Currently, USD/JPY is trading at 109.33, down -0.08% on the day ...

USD/JPY: a BREAK of 109.30 opens 110 – UOB

Analysts at UOB Group explained that despite the pullback from the high, the current undertone in USD/JPY remains solid. Key Quotes: "We continue to expect USD to stay supported for now." "A break of 109.30 would indicate that USD is ready for a move to 110.00. Only a break of 108.1 ...

Moody’s affirms United States AAA rating – Reuters

As reported by Reuters, Moody's rating agency has reaffirmed the United States' triple-A rating, though not without some caveats. Key quotes: "Ratings agency Moody’s on Wednesday maintained the United States’ top-notch “Aaa” credit rating, saying th ...

NZD/USD continuing to sag, 0.70 on the cards if bulls don’t step in

Kiwi is looking for bidders after another day of declines against the Greenback. NZ trade balance figures could give the Kiwi a much-needed boost if the numbers can beat expectations. The Kiwi is trading near the bottom against the US Dollar, testing around the 0.7075 region heading int ...

AUD/USD heading for 0.75?

Aussie down against rising USD, but looking for a bounce. Bond yields are pushing the Greenback higher across the board. The AUD/USD is trying to catch a bounce in the overnight session, trading into 0.7570 after declining once again in Wednesday's action. The Aussie continued to fal ...

RBNZ has a green light to be upbeat -TDS

Analysts at TD Securities explained that the NZD OIS is flat at the 1.75% official cash rate (OCR), then barely 50% priced for+25bp by February 2019. Key Quotes: "Consensus does not expect newly-minted RBNZ Governor Adrian Orr to hike until the middle of next year, at the earliest." ...

Japan Foreign investment in Japan stocks: ¥480.4B (April 20) vs ¥308.3B

Japan Foreign bond investment: ¥950.3B (April 20) vs ¥797.6B

South Korea Gross Domestic Product Growth (YoY) came in at 2.8%, below expectations (2.9%) in 1Q

Forex today: yields at four-year highs, dollar firmed up on 91 handle

Forex today was lacking data from both the European and US sessions and was less volatile while traders await the outcome of the ECB on Thursday. The dollar was bid on the basis that US yields climbed higher in both the twos and tens and focus remained on US stocks once again.  The DXY trade ...

BOC’s Poloz: cautiously positive on Canadian economy

Bank of Canada (BoC) Governor Stephen Poloz appeared before the Canadian Parliament's upper house today, largely reiterating the same talking points he delivered to the lower house earlier in the week, delivering several targeted points about the Canadian economy. Key highlights: Canadia ...

Durable good is next key US data, what’s in store? – Westpac

Analysts at Westpac noted the key US data for the day ahead as US durable goods. Key Quotes: "The US durable goods orders report occasionally impacts on markets. The consensus is for a modest 0.5%mth rise in March, ex-transportation (mostly Boeing orders), following a 1% gain in Feb.  Th ...

ECB: when will the ECB will provide guidance on QE? – ANZ

Analysts at ANZ noted that the ECB meeting tonight will be keenly watched for its assessment of Q1 activity – in particular, whether the ECB see volatility in recent data as transient or more pertinent.  Key Quotes: "Draghi is likely to remain constructive on the growth outlook ...