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USD/JPY edging higher so far today
Yesterday the USD/JPY fell due the fallout in the wider dollar and at one point it was calling the shots in terms of immediate dollar direction. However, the USD/JPY did rebound from a brief dip below 146 (145.90 the low) and later closed in the US at 146.43. It is just now edging to session highs above 146.50 and a good deal of that move seems risk based, as the likes of the EUR/JPY and GBP/JPY reverse the downside moves seen yesterday. That dynamic has been helped by a risk positive outlook for the markets this morning and the potential prospect of a ceasefire in Gaza. Naturally, such an outcome is by no means guaranteed, but this coupled with equity market gains is driving those JPY crosses higher and in turn that is helping the USD/JPY to edge higher. The USD/JPY is currently trading at 146.55
Market News
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Nasdaq 100 extends opening gains closer to the first technical correction level (corrected)
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
