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.

Free Trading Guides
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
Oil - US Crude
Mixed
Bitcoin
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • How can you be a part time trade? Get your tips on workflow and strategy here with@WVenketas: https://t.co/b8ywNOOgx9 https://t.co/qNBaNeVBPO
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.49% Gold: -0.33% Silver: -0.83% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/qY0JvpDmFM
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.07% 🇦🇺AUD: -0.07% 🇨🇦CAD: -0.09% 🇬🇧GBP: -0.16% 🇯🇵JPY: -0.20% 🇳🇿NZD: -0.42% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/uzEylGhFNm
  • AUD/USD Technical Analysis: Aiming Lower After Support Break - https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2019/11/12/AUDUSD-Technical-Analysis-Aiming-Lower-After-Support-Break.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #AUDUSD #technicalanalysis
  • Today's option expiries - $EURUSD 1.10 (1.2bln), 1.1025-35 (700mln), 1.1075-85 (1.6bln) - $GBPUSD 1.2925 (580mln) - $USDJPY 108.50-60 (500mln)
  • Get trading education and join our analysts for live, interactive coverage of all major economic data, including Wednesday's fascinating RBNZ monetary policy decision, at the DailyFX Webinars. https://www.dailyfx.com/webinars?re-author=Cottle?utm_source=Twitter&utm_medium=Cottle&utm_campaign=twr
  • Worth going along to...could be an interesting meeting #rbnz #nzd https://t.co/4IbpUYeHVg
  • Lessons from Bretton Woods are forgotten, the US-China #tradewar represents a true existential threat to the post-World War II international trade order, and in turn, the globalized economy that has grown out of the ashes of history. More from @CVecchioFX :https://t.co/paaBxX6Xt0 https://t.co/uY2pfaKkyI
  • European Opening Calls From IG: #FTSE 7353 +0.34% #DAX 13266 +0.51% #CAC 5921 +0.46% #AEX 599 +0.45% #MIB 23592 +0.43% #IBEX 9431 +0.45% #STOXX 3713 +0.45%
  • Palladium Prices Forecast to Fall After Chart Support Break - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2019/11/12/Palladium-Prices-Forecast-to-Fall-After-Chart-Support-Break.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #Palladium #XPDUSD
Sea Change in Central Bank Policy Leaves EUR/JPY, GBP/JPY Vulnerable

Sea Change in Central Bank Policy Leaves EUR/JPY, GBP/JPY Vulnerable

2014-05-15 11:30:00
Christopher Vecchio, CFA, Sr. Currency Strategist
Share:

Talking Points:

- EURJPY and GBPJPY exhibit greater signs of topping.

- USDJPY stuck in range 101.35-103.05.

- Forex economic calendar packed with US data on Thursday.

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

An interesting batch of growth data from the Euro-Zone and Japan puts the European majors at an interesting crossroads against the Japanese Yen, as a more tangible divide has started to grow between their respective central banks.

While the UK economy is far and away the closest to a rate, the Bank of England made clear yesterday that the policy focus would be on the softer inflation environment over the coming months, and with slack in the economy, interest rates could remain lower for longer.

For the ECB, today's weaker than anticipated Q1 GDP report, alongside another tepid inflation report, only increases the likelihood that they will follow through with Mario Draghi's promise for action at the June meeting.

The Japanese growth figures are the most intriguing and what really drive the potential for the JPY-crosses to turn lower. With Q1 growth at an annualized rate of +5.9% and non-core inflation (food and energy) soaring, there is little reason to believe that the Bank of Japan will goose the market much more.

All of the sudden, near-term central bank policies may be geared toward a slightly dovish BoE, an outright dovish ECB, and less dovish BoJ - watch the video to see how these themes are influencing EURJPY, GBPJPY, and USDJPY.

Read more: Sterling Top Developing Alongside Euro after BoE: GBP/JPY, GBP/USD

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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

DISCLOSURES

News & Analysis at your fingertips.