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Technical Forecasts

USD/JPY: Technical Analysts are Still Bullish

USD/JPY has been range-bound for several weeks but is now ticking higher and a close above 112.15 would be a bullish confirmation sign for the pair, according to Richard Perry, an analyst at Hantec Markets.

Read more: USD/JPY: Technical Analysts are Still Bullish

Mexican Peso and Brazilian Real are an El Dorado Combination says Exante's Nordvig

The Mexican-Peso-to-Brazilian-Real rate is subject to a perfect storm of conditions that could see the exchange rate rip higher, according to Exante Data analysts, who said Thursday that Latin America may be the new El Dorado for traders seeking volatility. 

Read more: Mexican Peso and Brazilian Real are an El Dorado Combination says Exante's Nordvig