USD/JPY bounces after US jobs data

Posted On 07 Sep 2015

Tag: AUDUSD, EUR/CHF, EURJPY, EURUSD, GBPJPY, NZDJPY, NZDUSD, USDCHF, USDJPY

JPY
• USD/JPY rose from 118.66 early low to 119.59
• EUR/JPY 132.67 to 133.30, bias down, 131.80 61.8% Fibo of 126.08-141.06.
• GBP/JPY 180.36 to 181.61, AUD/JPY 81.88 to 83.06, NZD/JPY 74.42 to 75.10.
• Nikkei bounce attributed to fresh Japan pension fund buys, will it last?

EUR
• EUR/USD gaps up from 1.1138 New York close Friday to 1.1160 early Asia.
• Dip to 1.1143 fills gap, market tracks higher later to 1.1175
• Risk sentiment improves towards Asia midday, EUR off again.
• Direction continues to be dictated by moves in equities markets.

GBP
• Cable on bounce in Asia after fall to 1.5164 Friday, range 1.5168-1.5202.
• Cable more susceptible to risk sentiment
• EUR/GBP steady, 0.7335-55 in Asia, on bounce from late last Thursday.

CHF
• USD/CHF in tight 0.9709-31 range in Asia, few flows, little interest.
• On hold just below 0.9770 double top Thursday-Friday.
• EUR/CHF steady too, 1.0830-53 range, support eyed down to 1.0750.

AUD
• AUD/USD opens Asia at 0.6915, dip to 0.6892 then bounce to 0.6949.
• AUD/JPY sales-stops in early push down, up later as sentiment improves.
• Profit-taking, local exporter purchases help AUD back up.
• Bias still down.

NZD
• NZD/USD open Asia at 0.6274, off @3% last week, Asia range 0.6266-0.6305.
• Market initially risk averse, sentiment improves later.
• NZD/JPY a major focus, JPY broadly barometer of risk sentiment as of late.

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