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Focus on UK labour data and budget statement

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Fed to decide on next directional USD move Yesterday, the market shifted into a cautious risk off modus which was negative for USD/JPY. EUR/USD again didn’t show a clear trend. Even poor US retails sales failed to give guidance. EUR/USD held close to the 1.11 handle and finished the session little changed at 1.1109. USD/JPY dropped intraday to the 112.65 area, but rebounded later to finish the day at 113.18 (from 113.82). This morning , Asian equities trade mixed with Japan underperforming and

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