Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Contribute
Submit Post

Latest topics

» CITRUS LEISURE PLC (REEF.N0000)
by Gajaya Today at 12:14 pm

» who owns the world trade centre?
by Gajaya Today at 12:11 pm

» Shares to Buy
by reyaz Today at 12:09 pm

» LIOC moving up with huge demand
by deli Today at 11:44 am

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
by SECsux Today at 11:33 am

» Is Nimal Perera trying to push down East shares using Twitter to buy More at lower price to collect dividend?
by Invest2018 Today at 11:27 am

» OPINION POLL: Presidential Elections 2020
by samaritan Today at 10:29 am

» Teller's Predictions
by samaritan Today at 9:06 am

» අගමැති ධූරයෙන් රනිල් ඉවත්වේ - ගෝඨාභයගෙන් ඇමති ධූර15 කින් යුතු භාරකාර රජයක්
by cseranga Today at 8:55 am

» GR-MR administration ready with economic strategy for Sri Lanka: Cabraal
by samaritan Today at 8:53 am

» SMB LEASING PLC (SEMB.N0000)
by Mr-Star Yesterday at 8:22 pm

» FIRST CAPITAL HOLDINGS PLC (CFVF.N0000)
by ampm86 Yesterday at 6:45 pm

» ACCESS ENGINEERING PLC (AEL.N0000)
by cseranga Yesterday at 5:27 pm

» B P P L HOLDINGS PLC (BPPL.N0000)
by Winner123 Yesterday at 12:00 pm

» ROYAL CERAMICS PLC (RCL.N0000)
by NANDANA2012 Yesterday at 11:52 am

» S&P SL20 Companies
by Quibit Yesterday at 10:50 am

» AEL or RCL ?
by sarathwithana Yesterday at 10:33 am

» LOLC FINANCE PLC (LOFC.N0000)
by Promoney Yesterday at 9:12 am

» GENERAL ELECTION AROUND THE CORNER?
by samaritan Yesterday at 8:57 am

» First monetary policy review under new government on November 29
by fireshelter Mon Nov 18, 2019 10:53 pm

» SIERRA CABLES PLC (SIRA.N0000)
by hammurabi Mon Nov 18, 2019 8:45 pm

POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC

Advertise

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market & Forum Help » Political and Socio-Economic Analysis » USD/JPY: Buy Or Sell?

USD/JPY: Buy Or Sell?

Go down  Message [Page 1 of 1]

1USD/JPY: Buy Or Sell? Empty USD/JPY: Buy Or Sell? on Tue Oct 09, 2018 8:03 am

GersonH


Stock Analytic
Stock Analytic
After driving USD/JPY to 11-month highs last week, investors took profits in what should have been a quiet trading day. However with US and Canadian markets closed, the thinner liquidity also created an opportunity for larger moves, which was what we saw in USD/JPY on Monday. The selling began at the European open and gained momentum when those unlucky U.S. traders who had to work on Columbus Day joined the market. They took USD/JPY below 113 by lunchtime, which was the London close and only eased up when European traders left their desks. Monday’s sell-off took USD/JPY to the 20-day SMA, which is the first level of support. If USD/JPY holds 112.80 then its back toward 114 for the pair but if this level breaks, the sell could extend to 112.

Fundamentally, nothing has changed in the U.S. economy along forex economic calendar . This week’s inflation reports are still expected to be strong and the Federal Reserve has one more rate hike this year. However the problems for China and Italy continue to grow, causing risk appetite to sour. Chinese stocks plunged 4% overnight, the yuan weakened and the US Treasury added salt to the wound by expressing their concern about China’s weakening currency, fueling speculation that they could label China a manipulator for the first time since 1994. With all of this in mind, we still think USD/JPY is headed above 115 and see Monday’s move as the first opportunity to initiate longs.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum