Dollar and yen rode on a wave of deteriorating risk sentiments last week and surged sharply across the board. Stronger than expected Q3 GDP from US triggered some optimism in the markets on Thursday but the impact faded on Friday as stocks ended a strong but rather brief rebound and…

EUR/USD’s fall from 1.5061 extended further to as low as 1.4682 last week. Subsequent recovery was limited well below 1.5061 and EUR/USD weakened again to close the week near to the weekly low. Initial bias is mildly on the downside this week and break of 1.4682 will confirm that fall…

USD/JPY reversed after edging higher to 92.31 last week and the development indicates that rebound from 88.00 has completed already. Initial bias will remain on the downside this week and further decline should be seen to retest 88.00 low first. On the upside, in case of recovery, break of 91.60…