USD/JPY Mid-Day Outlook

Intraday bias in USD/JPY remains mildly on the downside with 89.14 minor resistance intact. Current fall from 92.31 should extend further towards 88.00 support first. Break there will confirm medium term down trend resumption for 87.12 low next. On the upside, above 89.14 minor resistance will turn intraday bias neutral…

Weekly Market Commentary

Stock indices should drift through to year-end, but not collapse. FX will continue to consolidate, as should most commodities, with a tendency for the Yen to strengthen slightly and for the US dollar to weaken medium term. Longer-dated Treasury yields will move lower as investors realise that ultra-low official target…