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Current Session: Europe
USD/JPY
Daily Forex Technical Report - Yen Strengthens on Strong GDP, Dollar Remains Weak after Modest Bernanke by ActionForex.com
USD/JPY's fall extends further to as low as 119.78 today, breaking marginally below 119.94 support. At this point, intraday bias remains on the downside as long as USD/JPY stays below 120.34 minor resistance and further decline is expected to follow towards 38.2% retracement of 114.41 to 122.17 at 119.21 before completing the consolidation that started at 122.17.
- Our FX Advisor's Intraday comment on GBP and other major crosses
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
Other Topics for this Session:
Daily Recommended Trades - EUR/USD by E-Forex
US Trading Preview - The dollar continues to trade near its lows versus the euro and sterling by Forexnews.com
Short-Term Forecast on Forex Majors - Short-Term Forecast on Forex Majors by BetonCurrencies
Currencies at a Glance
- EUR/USD
- Continues to trade around 1.3135
2/15/2007 10:08:41 AM - GBP/USD
- Drops below 1.9600 after UK Jan Retail Sales data
2/15/2007 10:09:57 AM - USD/CHF
- Trades around 1.2375
2/15/2007 10:11:12 AM - USD/JPY
- Moves up above 120.20
2/15/2007 10:12:14 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
U.S. Industrial production
| Period | Consensus | Previous | Time |
| January | 0% | 0.4% | Feb 15, 14:15 GMT |
Friday Notes - Pockets of weak output remain by HVB Group
Hours worked in manufacturing dropped in January, a hint that the manufacturing side of the industrial production index softened. Utilities were bound to post better figures, however, as winter arrived. On balance, a modest rise in the IPI is likely.
[ Full Story ]Top Market Movers Review
Japan GDP
| Period | Consensus | Previous | Actual |
| 4Q (QoQ) | 0.9% | 0.2% | 1.2% |
| 4Q (YoY) | 3.8% | 0.8% | 4.8% |
| 4Q (Deflator) | -0.5% | -0.7% | -0.5% |
Asia Market Update - Japanese GDP stronger than expected as personal consumption rebounds by Trade The News
Japanese GDP data was strong, but not strong enough to significantly boost expectations of a BoJ rate hike at the Feb 20/21 meeting. After bad weather weighed down personal consumption in Q3 data, there was a sharp rebound in the component during Q4 (personal consumption makes up about 55% of Japanese GDP).
[ Full Story ]