Earlier today, the yen moved sharply higher against the greenback on safe-haven buying and Bank of Japan Governor Haruhiko Kuroda comments (Kuroda said that easy monetary policies work and Japan is not headed for a recession). As a result, USD/JPY dropped under 109. How low could the pair go in the coming days?

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The Australian dollar moved higher against the greenback after Chinese data showed that the Caixin services PMI for March rose to 52.2, beating analysts’ expatiation for an increase to 51.4. Thanks to these numbers, AUD/USD bounced off yesterday’s low and reached the first resistance line. Will we see further improvement in the coming days?

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Earlier today, official data showed that German factory orders dropped by 1.2% in Feb, which weighed negatively on investors’ sentiment and pushed the euro lower against the greenback. As a result, EUR/USD slipped under the Feb high. What does it mean for the exchange rate?

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Although the Labor Department showed on Friday that the U.S. economy added 215,000 jobs in the previous month (beating analysts’ expectations), the greenback remains under pressure after Janet Yellen’s comments Thanks to these circumstances, the USD Index came back under the level of 95 and re-approached the last week’s low. How did this move affect our six currency pairs?

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Although today’s data showed that U.K. manufacturing purchasing managers’ index rose to 51.0 in the previous month, the reading disappointed expectations for an increase to 51.2, which pushed GBP/USD lower. Will we see further deterioration in the coming week?

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