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Japanese Yen: Strengthens against US Dollar on BoJ outlook - MUFG
MUFG’s Michael Wan notes the Japanese Yen has strengthened below 154 against the US Dollar (USD), its firmest level since February, as markets price faster Bank of Japan tightening.
AUD/JPY Price Forecast: Weakens below 111.00, remains capped below 100-day SMA
The AUD/JPY cross trades in negative territory around 110.75 during the early European trading hours on Tuesday.
Indian Rupee corrects sharply from two-month high as Oil price boils
The Indian Rupee (INR) retreats from its two-month high against the US Dollar (USD) on Tuesday.
Denmark Trade Balance increased to 40.5B in July from previous 28.7B
Denmark Trade Balance increased to 40.5B in July from previous 28.7B
Denmark Current Account rose from previous 32.5BÂ to 44.4B in July
Denmark Current Account rose from previous 32.5BÂ to 44.4B in July
Germany Trade Balance s.a. came in at €21.3B, above expectations (€16B) in July
Germany Trade Balance s.a. came in at €21.3B, above expectations (€16B) in July
Denmark Industrial Production (MoM): -5.5% (July) vs previous 6.4%
Denmark Industrial Production (MoM): -5.5% (July) vs previous 6.4%
Germany Exports (MoM) below forecasts (0%) in July: Actual (-0.8%)
Germany Exports (MoM) below forecasts (0%) in July: Actual (-0.8%)
Germany Imports (MoM) declined to -5.7% in July from previous 4.4%
Germany Imports (MoM) declined to -5.7% in July from previous 4.4%
EUR/JPY Price Forecast: Slips below 178.50 within oversold territory
EUR/JPY loses ground for the second consecutive day, trading around 178.40 during the Asian hours on Tuesday. Technical analysis of the daily chart indicates the currency cross remains within the descending channel pattern, signalling a bearish bias.
AUD/USD Price Forecast: Poised to test multi-year top near 0.7270-0.7275 amid bullish setup
The AUD/USD pair holds steady above the 0.7200 mark through the Asian session on Tuesday, consolidating its recent strong move up to its highest level since May 14 touched the previous day.
Japanese Yen rises to seven-month high on BoJ rate hike bets
The USD/JPY pair falls to around 153.50 during the early European trading hours on Tuesday. The Japanese Yen (JPY) strengthens to a seven-month high against the US Dollar (USD) amid growing expectations of a Bank of Japan (BoJ) interest-rate hike.
Japan Eco Watchers Survey: Outlook rose from previous 45.8Â to 48.3 in August
Japan Eco Watchers Survey: Outlook rose from previous 45.8Â to 48.3 in August