Open Demo Account
Home / Market Update / Forex Market / USD/JPY Retreats but Maintains Gains

USD/JPY Retreats but Maintains Gains

M. Ali 28 January, 2021 10:49 pm Forex Market, Market Update

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 104.460, while its lowest level was at 104.070, noting that it closed Wednesday at the level of 104.110.

Tags

Check Also

Market Drivers – US Session: After PPI Reading, US CPI Takes Center Stage, ECB “On Hold”

US Producer Price Index (PPI) inflation came in below expectations, bolstering bets of interest rate …

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