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A potentially big week ahead for the dollar- check out the USD/JPY today
On Friday the USD/JPY got close to the noted technical resistance level at 156.01. The high seen was set at 155.95. The dollar later closed the week in the US at 155.78. Earlier today the USD/JPY reached 155.96 before another mini relapse sent it rapidly back towards 155.50. It has rebounded now though, from an earlier low at 155.52. So, it remain s to be seen, if that 156.01 price point will continue to cap the topside this week, as it did last. Outside of any potential BOJ action, there is a US economic release due out on Wednesday, which could determine that (if not beforehand) and it is the April CPI report, at 12.30pm GMT. There will be more to add on that data over the next couple of days. Meantime the USD/JPY is currently trading at 155.81
Market News
All News-
EUR/USD rebounds into the 4pm London fix after Bundestag passes fiscal reform bill
The EUR/USD is on the rebound again just now. The gains come after it had earlier fallen to 1.0893. Subsequent to that fall the German Bundestag... -
US stock markets open lower this afternoon- check out the S+P 500 futures
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
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Gold rises above technical resistance to set a new record high this afternoon
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
