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USD/JPY back below 161 this morning
The rebound in the USD/JPY, from a low at 160.95 yesterday lunchtime saw the dollar lift into and after the European close. The USD/JPY posted a synthetic US close at 161.28. The fall below 160.95 again earlier today has delivered a low at 160.54 so far. Just looking at the chart on this one, it appears the current downside move could so easily extend a good deal more, but that is not to advocate that it will. At the same time, we should remember just how far the dollar has come against the Yen over the past couple of months. The US monthly jobs report later today is likely to be crucial for the USD/JPY and where it trades to ahead of the weekend. The USD/JPY is currently trading at 160.62
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EUR/USD takes out 1.0800 again
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The push above 150 noted in the USD/JPY just now has come alongside further gains in the US equity space. So, it seems the service sector beat is...
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USD/JPY rises above 150 following very contrasting US PMI reports
The March US flash PMI data has just now hit the screens. The service sector reading was last at 51 and expect to be unchanged. It has risen to 54.3...
