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FX analysis – JPY , AUD, NZD, CAD, USD
USD tracked higher with yields in Tuesday’s session with the Dollar Index (DXY) hitting a high of 103.820, setting a new YTD high and breaking through the key technical levels of the 200-day SMA as well as a 50% Fib resistance level. DXY saw initial weakness in the European morning which emanated from APAC hours amid a firmer post-BoJ Yen but reversed course in the US session as UST yields climbed and earnings disappointments saw US equites struggle. chart JPY closed the session seeing marginal losses against the USD. USDJPY did drop to a low of 146.97 after BoJ Governor Ueda delivered a hawkish-leaning press ... (full story)