Dominant Drivers Of USD/JPY Look To Be Pausing Ahead of JP Election
An ominous technical pattern for USD/JPY over 2017 has just flashed red ahead of the snap election called by PM Abe that could lead to volatility.
An ominous technical pattern for USD/JPY over 2017 has just flashed red ahead of the snap election called by PM Abe that could lead to volatility.
EUR/USD appears to be in a multi-month correction that may eventually lead to higher prices. We unpack two Elliott Wave scenarios.
The Japanese Yen has been steady against the US Dollar for a couple of weeks, however the pause still looks consolidative and USD/JPY should rise once it ends.
The past few days have brought a decent bounce in precious metals, but both gold and silver are running into resistance and could soon trade down to big levels of support.
Later today, we have the release of the FOMC minutes at 18:00 GMT time; options markets aren’t pricing in huge price swings, but one should always be prepared; levels outlined.