Search Results for: Yen
FCA: Martin Brokers (UK) Limited was fined for significant failings in relation to LIBOR
May 15th, 2014
The Financial Conduct Authority (FCA), the British regulatory authority, has fined Martin Brokers (UK) Ltd (Martins) £630,000 for misconduct relating to the London Interbank Offered Rate (LIBOR). Martins would have been fined £3,600,000 but for the fact that the ...
Sony has fallen 7% after company forecasts more losses
May 15th, 2014
Shares in Japanese electronics giant Sony have fallen by as much as 7% after the company forecast its second straight year of losses. The stock sell-off came after Sony reported a loss of 125bn yen (£732m; $1.3bn) for the ...
USD/JPY contained by 102.35/10
May 15th, 2014
Pair’s Outlook As suspected, USD/JPY failed to gain a foothold above 102.35/10, which is a necessary condition for the long-term sustainable recovery. But at the same time the currency pair is currently well-supported (mainly by the 200-day SMA and ...
USD/JPY consolidates at 101.62
May 9th, 2014
Pair’s Outlook While the 200-day SMA is still not letting USD/JPY to step any lower, it is also failing to rekindle interest of the market in the pair. Still, there is a chance that eventually the bulls are going ...
Euro Drops From 2 1/2-Year High as Draghi Hints at June Action
May 8th, 2014
The euro weakened from a 2 1/2-year high against the dollar as European Central Bank President Mario Draghi said policy makers were comfortable with taking additional policy action in June if needed. The common currency dropped versus all except ...
USD/JPY underpinned by 200-day SMA
May 8th, 2014
Pair’s Outlook As many of the supports have already given up, it is now 200-day SMA’s task to revive a bullish momentum of USD/JPY. For now the moving average seems to be successful at keeping the exchange rate afloat. ...
Toyota profit nearly doubles to $17.8bn
May 8th, 2014
Japanese carmaker Toyota has seen its profits nearly double, boosted by the yen’s weakness and cost cutting. It made a net profit of 1.82 trillion yen ($17.8bn; £10.5bn) in the year to 31 March, up from 962bn yen a ...
USD/JPY unable to breach monthly PP
April 30th, 2014
Pair’s Outlook USD/JPY seems to have once again failed at 102.72/56 (monthly PP and 100-day SMA), thereby calling into question the currency pair’s ability to recover in the long run. Still, being that the key supports remain intact, such ...
USD/JPY to re-test 100-day SMA
April 29th, 2014
Pair’s Outlook The strong upward impulse seen yesterday confirmed that USD/JPY still deserves a bullish outlook. Now the pair is facing the 100-day SMA and monthly PP. Last week this supply area prevented further appreciation of the U.S. Dollar ...
USD/JPY gets closer to key support
April 28th, 2014
Pair’s Outlook USD/JPY failed to find support in the face of the weekly PP and 38.2% Fibo and fell last week. Nonetheless, there are strong supports nearby that may reverse the bearish tendency and trigger buying interest. One of ...
