Analysis and Recommendation: (close of Asian session)

USD/JPY   opened the week trading at 81.77 and dropped a bit to end the trading day close to 81.61. The pair are expected to maintain this range with little economic data due in the US and Japan on Monday, there is little to move the pair. The only reaction will most likely be in response to the EUR/USD or USD weakness. The duo should open pretty close to where they are at present. On Tuesday there is also very little news, but Wednesday will bring several economic reports in Japan as well as employment reports in the US

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Economic Events: (GMT)

Mar. 06

00:30

 

AUD

 
 
 
Current Account

 

03:30

 

AUD

 
 
 
Interest Rate Decision

 

03:30

 

AUD

 
 
 
RBA Rate Statement

 

Government Bond Auction Schedule

Mar 05 10:10 Norway Bond auction

Mar 06 10:10 Greece Auctions 6M T-bills

Mar 06 10:15 Austria Bond auction

Mar 06 10.30 UK Auctions 0.75% 2034 I/L Gilt

Mar 06 15:30 UK Details gilt auction on Mar 15

Mar 07 10:10 Sweden Nominal bond auction

Mar 07 10:30 Germany Eur 4.0bn Feb 2017 Bobl

Mar 07 10.30 UK Auctions new Sep 2017 conventional Gilt

Mar 08 16:00 US

Announces auctions of 3Y Notes on Mar 12, 10Y Notes on Mar

13 & 30Y Bonds on Mar 14

Mar 08 16:30 Italy Details BOT auction on Mar 13

Mar 09 11:00 Belgium OLO mini bond auction

Mar 09 16:30 Italy Details BTP/CCTeu on Mar 14

USD/JPY Pivot Points (Time Frame: 1 Day)

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
80.2137
80.6823
80.9357
81.4043
81.6577
82.1263
82.3797

 Fibonacci
80.6823
80.9581
81.1285
81.4043
81.6801
81.8505
82.1263

 Camarilla
80.9904
81.0566
81.1228
81.4043
81.2552
81.3214
81.3876

 Woodie's
-
80.6285
80.8280
81.3505
81.5500
82.0725
-

 DeMark's
-
-
81.5310
81.3410
80.8090
-
-