Forex: USD/JPY surges past resistance to test 96.00 level

FXstreet.com (Barcelona) - The USD/JPY has streamed higher following the decision of the Fed earlier today. Having jumped on the news of steadied interest rates, the pair surged to session highs at 96.07. At the time of writing the cross is testing the 96.00 level Wednesday, having already climbed +0.91%.

After breaking through calculated resistance at 95.53, Mataf.net analysts cite the next resistances at 96.15 onto 96.56. On the downside, an easing in the USD/JPY will lead to supportive structures at 94.51, ahead of 94.10 and 93.48.

Mar 20, 2013

Forex Flash: UK economy could benefit from fall in GBP – ANZ

The UK budget at best is neutral for the GBP, however the focus on monetary activism implies further, near-term easing in monetary policy. Indeed, “Sub-trend economic activity and an absence of wage inflation (real wages are actually falling), suggest that any inflation feedback from the exchange rate will prove temporary.” Writes the ANZ Research Team. With inflation expectations broadly stable, sterling's weakness should not be an obstacle to further easing.

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Mar 20, 2013

Forex: NZD/USD trading unevenly at 0.8228/30

The kiwi seems to be the exception of the risk-based currencies advancing Wednesday. After trading negatively during US trading earlier, the pair has continued this trend after the Fed announcement – in these moments the cross has settled at 0.8228/30, entrenched in negative territory at -0.21%.

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