Feedback

USD/JPY consolidates at 7−month highs

USDJPY chart

The USD/JPY took a step higher and printed a fresh 7-month high during the European session but lacked follow-through as markets have been fairly quiet as US is out for Labor Day.

Top Stories

Euro−metrics disappoint before Thursday's ECB

The economic data drives the FX prices this Monday. Soft Asian manufacturing PMIs have been followed by disappointing Euro-zone and UK readings in August. France and Italy sank into the contraction zone...

USD remains bid − Investec

Jonathan Pryor, Corporate Treasury Analyst at Investec, observes the firm tone from the greenback. "The US Dollar has managed to hold on to recent gains amidst selling pressures...

USD/JPY: breaks higher for long held targets at 107.70/109.65

This week we present two strategies. USD/JPY – breaks higher for long held targets at 107.70/109.65 Strategy summary – stay long or buy at market for gains to 107.00 and 109.65 long term.

EUR: Temp Relief S/T; A Sell On Rallies M/T − Credit Agricole

Speculation for the ECB to consider more aggressive policy action this week has increased considerably after Draghi indicated downside risks to long-term inflation expectations last week.

Preferred brokers in your location

EUR and GBP up in correction mode; JPY still under pressure

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.3179 1.3231 1.3157
GBPUSD 1.6633 1.6756 1.6777
USDJPY 103.83 104.20 105.01
USDCHF 0.9142 0.9146 0.9266
AUDUSD 0.9345 0.9223 0.9110
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.0829 1.0907 1.0999
NZDUSD 0.8415 0.8456 0.8452
GBPJPY 172.78 173.74 176.65
EURJPY 137.13 137.32 139.13
EURGBP 0.7950 0.7892 0.7793

EUR/USD bottom or correction?: Investors are mild bullish in EUR seen sideways to bullish for the upcoming month and despite trading at fresh year lows.

GBP/USD ready to resume the upside: Market has turned more Pound positive over these last few days, with the pair seen rising through the quarter up to 1.70 price zone.

USD/JPY some consolidation before a new leg up: latest USD/JPY gains had encouraged buyers, with the pair seen now consolidating at current levels before advancing beyond 105.00 .

AUD/USD gaining bearish potential: Aussie will have to face RBA next week, which generates some uncertainty, but bears have taken the lead in the longer run.

EUR/JPY upside limited by EUR weakness: Despite seen bullish, gains are seen limited by the lack of strength of the common currency, limited now to 139.00 in a 1 month view.

Analysis

Trader’s eye on FX, short term

Valeria BednarikValeria Bednarik – Quiet consolidation for US session, RBA meeting next market mover.


EUR/USD: short lived respite by FXStreet

AUD/USD: All eyes on the RBA and GDP data this week by Growth Aces

GBPCHF - Fibonacci retracement 61.8 % on the test by ForexTrading.TV

Dzhafer Medzhakhed

AUDUSD: 0.9375−0.9390 on the upside, 0.9260−0.9275 on the downside

BETA - Propareos levels (areas where probabilities of price action reversal or...

Ajay Pankhania

BoE are expected to hold the base rate at 0.5%

With a 9% rise in house prices later this year and a 6% rise next year, the BoE should be worried about the...

Technical Studies

Next
Kathleen Brooks

Tue, Sep 2, 10:00 GMT

Register free!

Join Forex.com’s research director Kathleen Brooks as she uses her fundamental and...

George Hallmey

Tue, Sep 2, 11:00 GMT

Register free!

During August there was a lot of account sapping sideways moves. Now, as we...

Upcoming Live Events Type* Sponsored by:
Sep 02, 10:00 GMT Kathleen Brooks WBN
Sep 02, 11:00 GMT George Hallmey WBN
Sep 02, 12:00 GMT Premium Webinar Ed Ponsi WBN Sponsored by: FXStreet

Economic Calendar

Official Interest Rates

US: 0.25% EMU: 0.15% UK: 0.5% JP: 0.1% CH: 0% CA: 1% AU: 2.5% NZ: 3.5%

Spreads

Broker EUR/USD GBP/USD USD/JPY

0.6

0.8

0.6

0.9

0.9

0.9

1

1.8

0.9

0.1

0.1

0.2

See all brokers >>

Don't miss it out!

NFP's 100 edition with Wayne McDonellCelebrate with us the Non-Farm Payroll's 100th edition with Wayne McDonnell (September, 5th, 11:30 GMT).
Register now!

Connect with

FXStreet

FREE Newsletter sign-up

Subscribe

Current Trading Positions

EURUSD Order Entry SL TP
Mind Vision Traders SHORT LMT @1.3235 1.3306 1.3088
USDJPY Order Entry SL TP
DeltaStock.com BUY MKT @104.16 103.40 105.20
GBPUSD Order Entry SL TP
DeltaStock.com SELL LMT @1.6650 1.6690 1.6460
XAUUSD Order Entry SL TP
Mind Vision Traders BUY LMT @1277.00 1268.00 1300.00

Advertisement

MetaTrader: Platforms and Services

Download MetaTrader 4 or MetaTrader 5
Use Trading Signals to copy trades
Buy Trading Robot in MetaTrader Market
Enjoy MT4 and MT5 Mobile Trading

Most Traded Pairs


Pair Price Hour Day Week Month
GBPUSD 1.6627 0.02 0.22 0.29 -1.16
USDCHF 0.9192 0.02 0.03 0.42 1.47
AUDUSD 0.9345 0.02 0.12 0.49 0.33
USDJPY 104.29 0.01 0.15 0.23 1.63
EURUSD 1.3136 -0.03 0.02 -0.42 -2.19

Most Popular Content

  1. EUR/USD little changed after PMIs
     by FXStreet Sep 1, 08:17 GMT
  2. EUR/USD back to square one after short-lived bounce
     by FXStreet Sep 1, 11:00 GMT
  3. GBP/USD deflates to 1.6620 on data
     by FXStreet Sep 1, 08:51 GMT
  1. Asian Equities Higher Before China PMI
     by MarketPulse Sep 1, 00:44 GMT
  2. The Euro still trade under pressure against the US Dollar
     by ZuluTrade Sep 1, 07:29 GMT
  3. ECB options still looking limited
     by FxPro Sep 1, 08:01 GMT
  1. EUR/USD: dollar continues to lead
     by FXStreet Aug 31, 21:32 GMT
  2. The Euro still trade under pressure against the US Dollar
     by ZuluTrade Sep 1, 07:29 GMT
  3. USD/JPY higher after weaker Japan's data
     by Growth Aces Aug 29, 12:25 GMT
  1. USD/JPY consolidates at 7-month highs
    Mon, Sep 1 2014, 13:19 GMT
  2. EUR/USD: short lived respite
    Mon, Sep 1 2014, 13:16 GMT
  3. USD/CAD sidelined around 1.0870
    Mon, Sep 1 2014, 13:12 GMT
EdMatts profile
Faisal Islam That meeting I saw arrivals in Downing Street at 1pm: Hammond May, Gove, Fallon, osborne etc, private ministerial meeting, not COBR.
13:36 GMT
EdMatts profile
Linda Yueh US full employment by 2018 but..corporate profits jt highest on record w 1965 vs labor compensation lowest since 1948 http://t.co/4s9zIirMYn
13:35 GMT
EdMatts profile
kit juckes RT @cigolo: Median 25% chance ECB cuts deposit rate from -0.1%. Most economists see unch rates -rtrs poll JPM, BNP, RBS, Nomura and TD expe…
13:35 GMT
EdMatts profile
zerohedge UKRAINE NEEDS ASSISTANCE FROM EU, U.S., MENENDEZ SAYS. This is news?
13:33 GMT
EdMatts profile
Gus Farrow UK hits at transatlantic trade critics http://t.co/d41DP0XZ64 FT
13:29 GMT
EdMatts profile
Alejandro Zambrano USDCAD is already bearish today hence I prefer the bearish breakout in EURCAD
13:28 GMT
EdMatts profile
Alejandro Zambrano Check out EURCAD - its trapped in a 30 pips range on the 30 min time frame. Could breakout shortly.
13:28 GMT
EdMatts profile
Alejandro Zambrano Article - London session outlook. EURUSD, GBPUSD, Gold, FTSE100 and more http://t.co/WG5h7oZwa2
13:25 GMT
EdMatts profile
Ivan FXStreet USD/JPY consolidates at 7-month highs http://t.co/0bjVZunn2W $USDJPY #Forex http://t.co/ZNlemFAU1Y
13:25 GMT
EdMatts profile
Gus Farrow USD/JPY consolidates at 7-month highs http://t.co/Uj9HLBmZqa $USDJPY #Forex http://t.co/lcAWFz4L0A
13:25 GMT
EdMatts profile
Valeria Bednarik@ $EURUSD: short lived respite: http://t.co/MN0JKQDUTP vía @FXStreetNews
13:23 GMT
EdMatts profile
13:23 GMT
EdMatts profile
Katie Martin Things that would not improve my health/well-being. 1: Priests in the office http://t.co/P8bXrCwEqz By @Lucymburton
13:20 GMT
EdMatts profile
ECB Government Finance Statistics Guide http://t.co/EKGPmpltuB
13:19 GMT
EdMatts profile
Sebastien Galy RT @stefanschaaf: #AfD is more pro #Putin than anti #Euro - RT @sebastiengaly No CDU coaltion with the anti euro Afd in Sachsen http://t.cohttp://t.co/W0kJUnNRAs
13:19 GMT
EdMatts profile
zerohedge More Sanctions: Europe Will Ban Purchase Of Russian Bonds; However Russian Gas Exports Remain Untouched http://t.co/XYyvRNqdtF
13:18 GMT
EdMatts profile
OECD How can water pricing help reform #water efficiency? http://t.co/gFoXp5TedS #wwweek #OECD environmental outlook pic.twitter.com/XztfWymzAu
13:17 GMT
EdMatts profile
Linda Yueh France borrows for 1 year at negative rate -0.002% so creditors paying to lend to country. My blog on French reforms: http://t.co/RQugVtvh6k
13:08 GMT

Today's Education Feature

Is Position Sizing Missing In Your Trading Plan?

I was listening to a podcast featuring John Bollinger and he mentioned that “volatility is the most...


Where is the Turn in Price?


Trading Trend Lines

Latest from the FX Social Network

  • photo
    Brian Twomey commented a blog post 19 minutes ago
    Inside the Currency Market: EUR/USD, EONIA, AUD, Yen Crosses
    NZD/USD Sell point extremes 0.8440 and 0.8393,  Longs 0.8308 and 0.8363, 20 day avg 0.8413, Today's Target 0.8422, Vital points above 0.8397... read more
  • photo
    alexp commented a blog post 28 minutes ago
    FOREX forecast 01.09.2014
    Excellent thank you read more