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 »Yen Posting 6-month High Against USD, Eyes on Fed
The yen hit a six-month high against the US dollar on Monday, September 21, posting gains for the sixth consecutive session against the US currency as stock markets tumbled. US stocks closed lower on Friday, and stock markets fell in Asia and Europe today, amid growing investor concern about the …
Read More »The Yen Reaches its Highest Level in Two Months
The Japanese yen rose on Wednesday, September 16th, as dealers bet that the Fed’s ultra-easy policy would put pressure on the dollar and elect a new prime minister for the country, while the Chinese yuan extended its gains a day after data indicated better prospects for the world’s second largest …
Read More »The Yen Rises on Concerns About Corona Vaccine and Technology Stocks
The Japanese yen rose due to growing concerns in financial markets on Wednesday, September 9, and after US technology stocks saw a sell-off the previous day and as a coronavirus vaccine faces delays. The US dollar was supported by a decline in the stock market prompted investors to sell riskier …
Read More »Yen Jumps With Abe’s Resignation Causing a Political Blurry
The yen jumped from its lowest level in two weeks, following news that Japanese Prime Minister Shinzo Abe is preparing to resign, while the dollar is struggling to make progress against other currencies as prospects for a prolonged low US interest rate weigh on the currency. A source close to …
Read More »