Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
USD/JPY falls further ahead of US CPI data
The dollar is coming under further pressure right now, ahead of the eagerly anticipated US April CPI report. That is especially being seen right now in the USD/JPY, which has just now taken a further lurch lower, dropping below 155.40 a moment ago. That fall as allowed the EUR/USD to trade just above that noted trend line level, just now hitting 1.0836. It looks like someone has just shelled out some dollars ahead of the CPI report. Perhaps someone knows something we do not? We shall shortly see if that is the case and beyond that it could just be dollar longs getting unwound ahead of this crucial data and not necessarily naked short dollar selling. The USD/JPY is currently trading at 155.48
Market News
All News-
Is a move towards 26k back in play for the DAX now?
Following on from the previous update, noting the FTSE 100 outperforming in very early trading, we can now see that has been slightly eclipsed by the... -
FTSE 100 leading early European gains
The European stock markets have now reopened for the final session of the week and it has been a positive start to the day. All three major indexes... -
EUR/GBP still holding important technical support levels for the time being
Yesterday the EUR/GBP fell back again and set a low at 0.8403. That low was right on the 100 day moving average. This technical level has been covered...
