Switzerland December 12 SNB Interest Rate Decision flat at 0%

Dec 12, 2013

USD/JPY seesaws higher into European session

A choppy start to the trading day for USD/JPY has seen spot climb off opening lows at 102.41, to peak overnight at 102.75, retracing to find support at 102.47, then climbing to post a morning high at 102.85, just above where spot is presently trading at 102.81, up 0.38% on the day.

Flash: GBP/USD bearish engulfing and complex divergence - Commerzbank

Karen Jones, Head of Technical Analysis at Commerzbank notes that the GBP/USD upmove continues to look tired, we have a bearish engulfing pattern, and complex divergence of the daily RSI and we suspect that we will see a dip back to key support at 1.6259/55.