Skip to main content

Dollar fights back as European stocks open higher-check out the USD/JPY now

The European stock markets have just reopened and it has been a record opening for the DAX, but that was hardly a surprise. The FTSE 100 has kicked off above 7,800 too. Meantime, the dollar is fighting back in European trading. The rebound is clearly being led by the USD/JPY and that is taking the froth off the EUR/USD and to a lesser degree off the GBP/USD too. The USD/JPY is just now rising back above 151.25 and the reason for that seems to stem from the latest reports suggesting the BOJ will not move rates much beyond 0.25% until 2025. Perhaps also the dollar got rather unfairly treated last night, but that remains a matter of opinion. 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!