EUR/USD simply disappoints yet again as USD/JPY advances

Earlier today we eyed the prospect of the EUR/USD to drive home its relative advantage gained over the past couple of day, following a breakout above 1.1460 yesterday. Well, it has run into a brick wall again it seems, caught up in all the cross currency trading and price discovery as usual. Granted the better US data this afternoon helped to lift the USD/JPY to session highs a moment ago (around 162.43) and that has stymied the EUR/USD again. The upshot of all this is a further gain for the dollar index (USDX), but at the same time that has not broken any fresh ground. 

We should note; that according to some professional reporting outlets there is a rumour out there now that the BOJ will not now intervene again on the USD/JPY unless it reaches 165- make of that what you will and please do not shoot the messenger. 

So, the frustration with the EUR/USD just rolls on again and we refer you back to an update we sent some while ago, when describing the EUR/USD as the bucket of discontent. Nothing has changed then it seems. The EUR/USD is right now at 1.1445
 

Market News

All News

Ready to Get Started?

Start here. Join over 12M Libertex users around the world!

Start Now

© 2022, Libertex
Risk Warning: Trading in financial instruments is a risky activity and can bring not only profits, but also losses. The amount of possible losses is limited by the amount of the deposit.

Libertex is a trademark of Libertex International Company LLC.

Libertex.org is a trading platform operated by Forex Club International LLC, a company registered in St. Vincent and the Grenadines (Registration No. 1277 LLC 2021), with credit card payments processed by Holcomb Finance Limited, a company registered in Cyprus at Kennedy 12, Kennedy Business Centre, Floor 2, 1087 Nicosia, Cyprus, Registration No. HE 183254.

The entity that accepts payments from clients and transfers credit card payments back to clients is Holcomb Finance Limited.

The Company does not accept any customers from and does not operate in any of the following restricted countries, such as: Russia, USA, Japan, Brazil and European Union; countries identified by FATF as high risk and non-cooperative jurisdictions having strategic AML/CFT deficiencies; and countries that are under international sanctions.

Trading CFDs does not give сlients ownership of the underlying assets. No underlying asset is delivered to the сlient.

Before opening an account with us, you should read the legal documents relating to the entity that you're registering with. Please note that our legal documents vary depending on which entity you hold your trading account with and the regulations that apply to you. The relevant entity is determined based on your location and is stated in the footer of the application you register in.

Deposits and withdrawals

mc_vrt_rgb_pos
ULTIMATE SET
for investors and traders!
  • Get free stocks up to $200
  • Free $10 to trade crypto
free shares promotion