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[COLOR=#444444][FONT=Arial][B][URL="http://www.forexcrunch.com/category/forex-weekly-outlook/usd-jpy-forecast/"]USD/JPY[/URL] was on a roll, finally taking out the 95 line and reaching levels last seen in August 2009. Will we see a continued march towards 100 or a period of consolidation now? Core Machinery Orders , BSI Manufacturing Index and Monetary Policy Meeting Minutes are the highlights of this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY.[/B][/FONT][/COLOR]
[COLOR=#444444][FONT=Arial]Both houses of the Japanese parliament approved the appointment of Haruhiko Kuroda and two other BOJ members. They will start working this week, and there is speculation that they will make an emergency ...

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Good day forex traders.

In the previous EUR/USD forecast we noted on a support at 1.2960. I cautioned against any possible bullish correction targeting the 1.3100 / 1.3150 resistance. The better than expected US Non-Farm Payroll probably injected positive sentiments into the global markets as the US employment market picks up.

[I]EUR/USD Chart[/I]

[B]Technical Analysis[/B]

Looking at the EUR/USD chart above we note ...

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Good day forex traders.

In the previous AUD/USD forecast we noted that the currency pair was currently in a consolidation region and hence prudence was probably necessarily as both directions of trade would be possible. While China’s slowing import was negative sentiment for the Aussie dollar, the improving US employment market probably brought global positivity.

[I]AUD/USD Chart[/I]

[B]Technical Analysis[/B]

Looking ...