Asia FX heads for sharp weekly losses on Fed rate caution; Tokyo CPI in focus

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TGIF. The USD is trading lower to start the last trading day of the week.The EURUSD and GBPUSD are higher. The USJDPY is lower. What are the technicals are driving each of the major currency pairs. I will outline them in the video above. Below is a written summary: EURUSD: The EURUSD is rebounding after…

The Japanese yen has extended its losses on Friday.  In the European session, USD/JPY is trading at 150.39, up 0.40% on the day. Tokyo core CPI edges lower to 2.2% After a string of releases that pointed to an upswing in inflation, Tokyo core CPI for February reversed the trend on Friday.  Japan’s CPI, PPI…

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