USD/JPY falls through 120.00

Posted On 15 Sep 2015

Tag: AUDJPY, EUR/CHF, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, USDCHF, USDJPY

JPY
• The yen strengthened on Tuesday after the Bank of Japan refrained from expanding its stimulus
• USD/JPY rose early to 120.66 before falling fast through the key psychological level of 120.00 to 119.91.
• EUR/JPY rose to 136.39 before falling to 135.84, GBP/JPY to 186.08 then 185.01.
• AUD/JPY to 76.37 on Australian PM change then off to 85.47, NZD/JPY 76.37 to 75.71.

EUR
• EUR/USD opened in Asia at 1.1315 after a choppy US session.
• The pair fell early to 1.1300 on broad USD strength.
• After USD shifted into reverse, EUR/USD then rose to a session high of 1.1329.
• More consolidation eyed into the FOMC policy announcement Thursday.

GBP
• GBP/USD was range-bound in Asia, 1.5416-33.
• The pair’s direction will likely be a function of FOMC decision, GBP consolidating with EUR.
• EUR/GBP goes nowhere fast in Asia, 0.7328-39, looking for direction.

CHF
• USD/CHF soggy again after blip up to 0.9720 o/n, Asia range 0.9671-90.
• EUR/CHF also heavy, going nowhere, Asia 1.0947-57.

AUD
• AUD/USD opened in Asia at 0.7139, rose to 0.7166 early, then fell to 0.7123.
• On Monday the aussie rose after PM Tony Abbott was ousted by Malcolm Turnbull who is seen as more pro-business, so this is AUD-positive
• 0.7152 New York high pierced but little follow-through. AUD/USD fell after RBA minutes
• Another fall in the Shanghai Composite helped AUD to its low.

NZD
• NZD/USD New York close 0.6331, Asia trade nondescript, 0.6312-42 range.
• Up early and then off later with AUD/USD, Shanghai Composite weak again.
• Overall interest well below average ahead of Thursday’s FOMC meeting.
• Fonterra/GDT auction next up, balance of payments to follow.

The post USD/JPY falls through 120.00 appeared first on Forex Circles.

Source:: USD/JPY falls through 120.00

About the Author

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC. Our mission is to maximize the value our clients derive from their most precious commodity, "Time"! By offering advanced and innovative services, optimal customer care and perpetual devotion to our clients, we will ensure that their individual needs are always met as markets continue to evolve over time. Visit ForexTime to learn more www.forextime.com [space height="20"] [social type="facebook"]https://www.facebook.com/ForexTime[/social] [social type="twitter"]https://twitter.com/ItsForexTime[/social] [social type="google-plus"]https://plus.google.com/u/0/+ForextimeFXTM/posts[/social] [social type="youtube"]https://www.youtube.com/user/ItsForexTime[/social]