Market news

Show news:


12.09.2019 15:19

USD/JPY, EUR/JPY: Remain in downtrend m-term; tail risk elevated going into coming weeks - Danske

Danske Research discusses USD/JPY and EUR/JPY outlook and maintains a structural bearish bias on the 2 pairs in the medium-term.

"In the past two weeks, USD/JPY has moved from low 105s to around 107.5 and markets have been unwinding hedges across the board. We remain reluctant, however, to extrapolate the momentum. Ironically, stabilising markets may be just what tips Fed in a more hawkish direction next week. On trade, optimism has been brewing for the October meeting but nothing is tangible as of yet. We view tail risk as elevated going into the coming weeks and maintain our view that USD/JPY and EUR/JPY remain in a downtrend," Danske adds.


Keep up with latest Forex market news updates: Currencies, central banks, economic indicators for oil and gold trading – all you need to work effectively on Forex.

Market focus

  • Cracks in UK labour market grow as demand for staff fades - REC
  • China car sales keep falling as peak season fails to deliver - CPCA
  • ECB's Vasle says ECB to continue with present policy until conditions improve
  • Earnings Season in U.S.: Major Reports of the Week
November 2019
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30

Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Sydney 21:00 06:00 00:00 09:00 00:00 09:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenCloseе
London 07:00 16:00 10:00 19:00 10:00 19:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
American New York 12:00 21:00 15:00 00:00 15:00 00:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Chicago 13:00 22:00 16:00 01:00 16:00 01:00