Published: Thu, 11 Feb 2016 03:18:48 GMT
The cross has formed a potential bullish wedge above the psychological round number 2 level and trendline from the record lows. Whilst we are waiting a diverging theme to occur between the two economies and technical to back up a position, it is a cross I will have on my watchlist in the weeks ahead for a longer-term play.
Published: Wed, 10 Feb 2016 20:19:53 GMT
As expected, Yellen defended the job market whils also lowering expectations of a rate rise soon, which is a theme I expect to persist this year.
Published: Wed, 10 Feb 2016 02:32:58 GMT
The break below 115.80 swing low sees the Yen down to multi-month lows and projecting a target around 1.06