Staying ahead of the market is an advantage but not to be completely complacent. One week before April close the #USD would remain above this levels to sustain its recovery. Tracking #ICE #DX futures #VOI trailing Spot #DXY crucial to determine trend direction. DXY at 90.70 basis point. VALIDATED AS OF APRIL 22, 2018
UPDATE: DXY record high at 91.07 basis point as of US session 4.24.18
UPDATE: DXY record high at 91.07 basis point as of US session 4.24.18
#USDJPY has finally moved as of April 22, 2018 reaching 108.55 in US trading sessions influenced by the acceleration of the USD index above the 90.70 basis point from the 10 year US treasury Yield nearing the 3% mark. With #VOLATILITY present in both sides of the market, and with #LIQUIDITY in abundance, it doesn't take much for prices to move back in either direction especially from a decline to a recovery.
The US #Nikkei 225 futures below chart have reacted positively with the #NKDM2018 trading at 22210 up by +110.00 = +0.50%. Which would bring Tokyo's next NK225 trading expected to be in the same triple digit when it opens in Asian session. However, the advantage of anticipating a market move in Asia has already been absorbed with the USDJPY rise above the 108.00.
Sustaining these levels would give another boost for the Nikkei to be able to continue where it originally left off. That is when there would be no serious and unexpected actions from the BOJ to say otherwise.
USDJPY is at 109.30 while the USD index - DXY is at 91.21 as a result that 10 Year Bonds is now at 3.02 +2.37% in the US trading session.
ReplyDeleteWhile other currencies affected with a stronger USD are the USDCHF at 0.9843, with the European majors weakness as the GBPUSD is trading lower at 1.3935, EURUSD at 1.2172. The commodity currencies like the AUDUSD have fallen trading at 0.7563 while the USDCAD / Loonie is at 1.2873 respectively.
After an array of earnings, ECB monetary stance & external UK data have surrounded the USD as it gains ahead of FOMC. The DXY is above 92.00 at the time of writing.
ReplyDeleteMarket sentments spilled over in Asia as the USDJPY is now above 109.20 with a session high marked at 109.70 nearing the 110.50 first line of defense.
USDJPY briefly hits 110.037 at the US trading session, yet still trading near its high currently at 109.90 as of this writing.
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