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JPY
Fundamental Analysis
(8th Mar): The yen’s upward trend is strengthened as concerns over the global economy boost risk-off sentiment and the drop in U.S. Treasury yields prompt active buying. Global equity market dipped more sharply, which help boost the JPY further.
(7th Mar): JPY is seen to benefit further from the risk-off sentiments in the market. Risk sentiment was dented as the ECB was said to poised to lower 2019 growth forecasts by enough to justify another round of loans for banks.
(6th Mar): Bank of Japan board member Yutaka Harada says stronger easing would be needed if the economy deteriorates enough to make reaching the central banks’s price target difficult. Sales tax hike could push economy into recession. However, the direction of the currency relies more on the market’s risk appetite and we think the currency will continue to edge higher amid risk-off sentiments, echoing with our technical analysis below.
(5th Mar): In line with our yesterday’s technical analysis, JPY strengthened amid a declined in Treasury yields as stocks fell even though Washington and Beijing were reportedly near a trade deal that could lift most or all U.S. tariffs. JPY is likely benefit from the risk-off sentiments as market awaits for details of Sino-U.S. trade deal.
(4th Mar): As people familiar with the talks said the U.S. and China are close to a trade deal, the JPY may face pressure as the tensions eased down. China’s slowdown is also weighing on JPY, as China is a key trading partner for Japan. Although our technical analysis shows bullish trend going ahead, we still think the optimism from Sino-US trade talk is more dominant in the currency’s direction.
Technical Analysis
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USD
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Fundamental Analysis
(8th Mar): Job creation is expected to slow, with nonfarm payrolls posting a 180k increase after January’s upbeating 304k rise. The jobless rate is expected to edge lower to 3.9 percent however, while wage inflation accelerates … [/blur][/vc_column_text][/vc_column][/vc_row][vc_row row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” text_align=”left” background_animation=”none” css_animation=””][vc_column][vc_empty_space height=”35px”][vc_row_inner row_type=”row” type=”full_width” use_row_as_full_screen_section_slide=”no” text_align=”left” css_animation=””][vc_column_inner width=”1/5″][/vc_column_inner][vc_column_inner width=”3/5″][vc_separator type=”normal” color=”#b70909″ border_style=””][/vc_column_inner][vc_column_inner width=”1/5″][/vc_column_inner][/vc_row_inner][vc_empty_space height=”35px”][/vc_column][/vc_row][vc_row row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” text_align=”left” background_animation=”none” css_animation=””][vc_column width=”1/5″][/vc_column][vc_column width=”3/5″][kswr_heading head_align=”center” head_subtitle_color=”#333333″ head_title=”ACCESS RESTRICTED” head_title_fsize=”font-size:23px;line-height:2;” head_title_fstyle=”font-family:Inherit;font-weight:700;” head_subtitle_fsize=”font-size:17px;line-height:1.5;” head_subtitle_fstyle=”font-family:Inherit;font-weight:inherit;” head_title_margins=”margin-top:0px;margin-bottom:0px;” head_subtitle_margins=”margin-top:0px;margin-bottom:0px;”]Our comprehensive daily reports covers both technical and fundamental analysis, and are customised to your requirements.
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