{"id":71153,"date":"2022-08-30T19:50:00","date_gmt":"2022-08-30T15:50:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=71153"},"modified":"2022-08-30T19:35:43","modified_gmt":"2022-08-30T15:35:43","slug":"usd-jpy-hits-six-weeks-highs-despite-risk-aversion","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/usd-jpy-hits-six-weeks-highs-despite-risk-aversion\/08\/30\/market-updates\/","title":{"rendered":"USD\/JPY hits six weeks highs despite risk aversion"},"content":{"rendered":"\n<p>On Tuesday, the USD\/JPY pair approaches again the 140.00 zone. The USD\/JPY is gaining momentum during the US trading session and climbed to 139.08, reaching the highest level since mid-July. The pair remains bullish amid a stronger US Dollar across the board.<br><br>US dollar gains momentum despite another decline in Wall Street. Higher US yields keep the yen under pressure.<br><br>The US dollar rose sharply supported by higher US yields. The 10-year yields climbed to 3.14% while the 2-year rose to 3.49%. Bonds dropped even as US equities turned sharply lower. The Dow Jones drops by 0.89% and the Nasdaq falls by 1.25%.<br><br>Economic data in the US showed an improvement in Consumer Confidence with the CB index rising from 95.3 in July to 108.80 in August. <br><br>The numbers helped the US dollar. Earlier on Tuesday, Japan reported labor market data. The Unemployment rate held steady at 2.6%. While market participants still see possible a 75 basis points rate hike in the US.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday, the USD\/JPY pair approaches again the 140.00 zone. The USD\/JPY is gaining momentum during the US trading session and climbed to 139.08, reaching the highest level since mid-July. The pair remains bullish amid a stronger US Dollar across the board.US dollar gains momentum despite another decline in Wall Street. Higher US yields keep &hellip;<\/p>\n","protected":false},"author":13,"featured_media":61460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7048,6853,8477,6984,7201],"class_list":["post-71153","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-consumer-confidence","tag-employment","tag-risk-aversion","tag-treasury-yields","tag-usd-jpy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=71153"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71153\/revisions"}],"predecessor-version":[{"id":71157,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71153\/revisions\/71157"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61460"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=71153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=71153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=71153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}