The U.S. Dollar (USD) declined against the Japanese Yen (JPY) on Thursday, despite rising against most of its major peers. The USD/JPY pair fell by 0.43% to 110.24, registering its biggest daily loss since June 4. The pair has now declined in two out of the past three sessions, and …
Read More »Dollar Rises Strongly Against Safe Haven Currencies
The U.S. Dollar (USD) rose on Thursday against safe-haven currencies, such as the Japanese Yen (JPY) and the Swiss Franc (CHF), supported by the increase in Treasury yields. The USD/JPY pair is up for the day by 0.57%, trading at 107.620. The pair has been moving today in a range …
Read More »GBP Scores Large Gains Against JPY
The British Pound (GBP) extended its gains against the Japanese Yen (JPY) on Monday, amid a strong performance by the Sterling and the JPY seeing decreased demand as a safe haven amid increased risk appetite. The GBP/JPY has scored gains during each of the past four weeks, and today the …
Read More »USD/JPY Retreats but Maintains Gains
The U.S. Dollar (USD) rose on Thursday against the Japanese Yen (JPY), despite declining against other major currencies, amid an improved risk appetite and reduced demand for safe havens. The USD/JPY pair is trading higher for the day by 0.12% at 104.240. Earlier today, the pair traded as high as …
Read More »Positive Pound Against Yen With Attempts to Gain Momentum
The British Pound started the week on strong foot against the Japanese Yen built on the support of 135.90. Technically, we tend to be positive, relying on the positive crossover signals for Stochastic, in addition to the pair’s continued attempts to gain some bullish momentum. We will maintain our positive …
Read More »Safe Haven Currencies Decline
Safe haven currencies, namely the Japanese Yen (JPY) and the Swiss Franc (CHF) are showing a weak performance on Tuesday, amid decreased demand with improved risk appetite supported by news of new COVID-19 vaccine and treatments. The CHF is leading the decline with its highest losses coming against the New …
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