FXStreet (Guatemala) - Kit Juckes, Global Head of Currency Strategy at Societe Generale noted the move and shakers.

Key Quotes

"Japan's Tankan came in close to expectations for large companies in both manufacturing and non-manufacturing, but the out-performance of large relative to small companies continues. Still, with the Nikkei higher today, a href="http://www.fxstreet.com/technical-studies/currencies/usdjpy/">USD/JPY has resisted the temptation to exit its miniature range and it's worth persisting with a long CAD/JPY trade as an expression of the risk-friendly mood."

"China's official manufacturing PMI was in line too with expectations at 51, the best level of the year so far as the PBOC smoothes the economic adjustment. Finally, in the Asian time zone, the RBA left rates on hold as expected, and again referring to the AUD as being at a high level historically. That triggered a little spike by AUD/USD towards the best levels of the year, and a break above 0.9463 could see it, like EUR and GBP yesterday, squeeze higher."

You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    GBP/USD in red below 1.5300

  2. Forex News

    GBP/USD still under pressure, 1.5059 eyed – Commerzbank

  3. Forex News

    EUR weakness set to persist – TDS

  4. Forex News

    EUR/USD prints session high of 1.0971

  5. Forex News

    Different forecasts for USD/JPY – Danske Bank, BTMU and TDS

Trading Center