Open Demo Account
Home / Market Update / Forex Market / USD/JPY Extends Losses with Fresh Daily Lows

USD/JPY Extends Losses with Fresh Daily Lows

M. Ali 14 August, 2021 1:31 am Forex Market, Market Update

The U.S. Dollar (USD) declined to its lowest level in about a week against the Japanese Yen (JPY) on Friday, as the greenback declined across the board after data showed a drop in consumer confidence in the United States.

The USD/JPY is down for the day by about 0.74% at 109.59, exceeding multiple daily lows.

A decline in the U.S. Treasury bond yields also added to the pair’s losses, which is finishing the week in losses.

Tags

Check Also

The Euro’s Moment? Weak US Data and ECB Action Set the Stage

The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends