On Friday, the USD/JPY fluctuated once again below 149.00 as risk appetite stabilized. To close the trading week, there is selling pressure on the US dollar everywhere. Next week will bring Jackson Hole and national inflation data from Japan.Friday saw a slight decline in USD/JPY, with a morning drop below …
Read More »JPY is approaching the lowest level in 3 decades
The battered yen remained stuck near a three-decade low against the dollar on Tuesday and struggled to stem losses as the Bank of Japan’s ultra-loose monetary policy continued to conflict with expectations of interest rates remaining high for longer periods elsewhere. The Japanese currency recorded its lowest level in 15 …
Read More »US Dollar consolidates, expected to close with weekly gain
The DXY index trades neutral at 105.90, closing a 0.80% weekly gain. Fed hawks revived USD strength during the week.UoM consumer sentiment data come in lower than expected. The focus shifts to next week’s inflation figure from the US from October.The US Dollar showed minimal movement on Friday. The DXY …
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