Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
USD/JPY falls towards support at 152 as Nikkei 225 underperforms
As noted in the previous update, the Nikkei 225 is the standout underperforming major Asian stock market today. The index has fallen back towards the 38k handle and that has sent the USD/JPY on the slide. The USD/JPY, which had closed in the US last night at 153.08, has fallen towards the 152 handle and come close to where it based out on November 8, at 152.14. The low seen so far has been set at 152.20. So, it remains to be seen if that 152.14 price point will cap this latest relapse. If it does not, then a test of the 200 day moving average would be next on the agenda. That is in place this morning at exactly 152.00. The USD/JPY has been elevated above this level since October 23. The USD/JPY is currently trading at 152.29
Market News
All News-
DAX priced to open slightly lower shortly
Following on from the previous update, looking at the EUR/USD and the DAX, the German benchmark futures are in the red ahead of the opening shortly... -
EUR/USD reaction to Fed is rather disappointing but here is the thing
Yesterday even as the dollar versus the Yen headed south at a rate of knots following the Fed monetary policy decision, the EUR/USD was unable to... -
Powell sends USD/JPY bulls running for cover
As reported on here yesterday, the USD/JPY made it back above the 150 handle for the first time since March 5. The high seen was set at 150.14, but...
