Open Demo Account
Home / Market Update / Forex Market / USD/JPY Resumes Gains After Two Declines in Row

USD/JPY Resumes Gains After Two Declines in Row

M. Ali 22 June, 2021 1:29 am Forex Market, Market Update

The U.S. Dollar (USD) rebounded against the Japanese Yen (JPY) on Monday, after declining for two consecutive sessions.

The USD/JPY pair registered a modest rise of 0.09%, reaching the level of 110.33.

Month-to-date, the pair rose by about 0.68%, with its gains since the beginning of the year at 6.79%.

The USD/JPY rise comes amid a retreat by the USD against most major currencies, as reflected by the performance of the Dollar Index (DXY) that measures the greenback against a basket of six international rivals.

Tags

Check Also

RBA

RBA Holds Rates Steady, Signals Prolonged Tight Monetary Policy Amid Persistent Inflation

The Reserve Bank of Australia (RBA) maintained its benchmark interest rate at 4.35% on Tuesday, …

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