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Current Session: Europe
USD/JPY
Daily Forex Technical Report - Yen at Fresh Four Year Low against Dollar after Weak Retail Sales by ActionForex.com
USD/JPY's rally resumes today by breaking above 121.77 resistance and is now pressing 122 level. At this point, further rally is expected to follow towards 123.23/29 cluster projection level as long as USD/JPY stays above 121.68 minor support.
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Insight on the fundamentals in the Fundamentals section at FXstreet.com
- What's next on the agenda? Take a look at our Economic Events Calendar
- What's going on in the markets? Read our latest Forex news
Other Topics for this Session:
Daily Recommended Trades - EUR/USD by E-Forex
Daily Forex Commentary - CNY – Crouching Tiger by Jyske Bank
Daily FX Forecast - Daily FX Forecast by S.A.F.E. Ltd
Currencies at a Glance
- EUR/USD
- Continues to trade around 1.2900
1/29/2007 6:45:43 AM - GBP/USD
- Continues to trade below 1.9600
1/29/2007 6:47:00 AM - USD/CHF
- Continues to trade above 1.2525
1/29/2007 6:48:36 AM - USD/JPY
- Moves up above 121.75
1/29/2007 6:53:25 AM
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
UK CBI Trends
| Period | Previous | Consensus | Time |
| January (Realized) | 25p | 20p | Jan 29, 11:00 GMT |
| January (Expected) | 4p | 6p | Jan 29, 11:00 GMT |
UK markets braced for raft of consumption, housing news by AFX News
The monthly retailing survey from the Confederation of British Industry is expected to show that sales growth slowed in January. Analysts polled by AFX News expect the survey to show that 9 pct more retailers reported a rise in sales in January than a fall.
[ Full Story ]Top Market Movers Review
Japan Retail Sales
| Period | Previous | Consensus | Actual |
| December (YoY) | -0.2% | -0.5% | -0.3% |
Overnight Briefing: Far East Timezone - Japan retail sales fell 0.3% by Jyske Bank
Japanese retail sales fell 0.3 % in December from a year earlier, a sign of sluggish goods consumption that could make it harder for the Bank of Japan to raise interest rates next month. A median market forecast had been for a 0.5 % fall.
[ Full Story ]