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Yen breaks 110

al_dcdemo Posted 12 Apr. in #Trader's blog #Support #Resistance #Oil #USD/JPY #Stocks #Bonds #Risk Off #D1 Chart

USD/JPY broke below 110 in yesterday's risk-off trading. Stocks fell but later recovered, gold soared, but the main driver remains 10-year UST yield, which closed below 2.30% for the first time since November. Oil continues to recover amid geopolitical uncertainty.
The pair extended its decline overnight. The pullbacks have been shallow so far. 110 is also 50.0% retracement of the Trump rally. A possible target is 1.0850 - 1.09 (Channel support, 200 DMA). Area around 110 should now act as a resi…

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Dollar bears take some profits after the NFP

al_dcdemo Updated 5 Feb. in #Trader's blog #Dollar #Nfp #Oil #USD/JPY #Stocks #H1 Chart #Commodity Currencies

A weak week for the dollar ended with dollar strength. Despite the miss in the headline non-farm employment number, it was overall a decent jobs and wages report with unemployment down and average hourly earnings up.
Initial response to the report was to sell the dollar but the moves were soon reversed. Commodity currencies were hit the hardest while the yen is poised to close near unchanged for the day as both stocks and oil sold off.

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Dollar strength to start the year

al_dcdemo Updated 4 Jan. in #Trader's blog #Dollar #Yen #Volatility #Stocks #Monday #Pboc #Offshore Renminbi #Yuan Reference Rate

Quite a lot of action for a Monday but it's not an ordinary day. A volatile first trading day of 2016 has seen the dollar rise and stock fall. Commodites have been mixed but mostly lower.
Yen was the only major currency that beat the dollar on this risk-off day. Offshore renminbi climbed to new multi year highs while PBOC set yuan reference rate to 6.5032 overnight.

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al_dcdemo's Blog

Yen breaks 110

Dollar bears take some profits after the NFP

Dollar strength to start the year