News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • China's Anqing City of Anhui province says the property firm linked to Evergrande failed to make payment for land site
  • The updated dot plot will be a major focus for today’s FOMC announcement — perhaps even more so than taper timeline language. This is because Fed Chair Powell’s speech at Jackson Hole emphasized the decoupling of balance sheet normalization from future rate liftoff. $USD $DXY
  • UK energy supplier collapses now affect about 1.5mln households
  • It's #FOMC day and the markets are clearly tuned in. How will markets trade around the policy update? DailyFX's @JohnKicklighter discusses below!
  • 🇺🇸 Existing Home Sales MoM (AUG) Actual: -2% Previous: 2.2%
  • 💶 Consumer Confidence Flash (SEP) Actual: -4 Expected: -5.8 Previous: -5.3
  • Heads Up:🇺🇸 Existing Home Sales MoM (AUG) due at 14:00 GMT (15min) Previous: 2%
  • Heads Up:💶 Consumer Confidence Flash (SEP) due at 14:00 GMT (15min) Expected: -5.8 Previous: -5.3
  • LIVE NOW: Join Technical Strategist @MBForex for his Mid-Week Market Update to review the setups we're tracking into the #Fed!
  • The DAX is coming off the July low after getting pummeled on Monday, narrowly missing a test of the 200-day moving average at 14931. Get your #DAX market update from @PaulRobinsonFX here:
Failure at Current Support Could See Major EUR/JPY, USD/JPY Selling

Failure at Current Support Could See Major EUR/JPY, USD/JPY Selling

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- USDJPY pressing range lows near 101.50 - watch under 100.75.

- EURJPY in ST triangle at trendline back to November 2012.

- US economic calendar caps off the week with U. of Mich Confidence.

To keep up with developments central banks and their policy changes, be sure to sign up for my distribution list.

The Japanese Yen has seen its role as a safe have revived this week, in part due to diverging central bank easing expectations (the Federal Reserve backing off a hawkish tone and the Bank of Japan failing to ease more), in part due to a drive to safety amid global equities selling off.

The dynamic over the past two days has started to change: initially it was just US Dollar selling (USDJPY prices falling, EURUSD and AUDUSD prices rallying); now it's transformed into general weakness across the board versus the Japanese Yen. EURJPY and USDJPY are most vulnerable - see the video above for the levels we'll be watching headed into next week.

Read more: AUD/USD, USD/JPY Taking Advantage of US Dollar Selling

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail

Follow him on Twitter at @CVecchioFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.