Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
USD/JPY finds some support around 147.50
Since peaking at 149.13 on Friday afternoon, it has been something of a different story for the USD/JPY so far this week. The dollar has been struggling somewhat versus the Japanese currency, but not so versus the Pound and the Euro of course. The reasons for this seem once again to centre on risk aversion. It is also possible that some decent sized dollar longs have been taken off the table ahead of the 150 handle and perhaps some trepidation over the BOJ, with the Dollar back near that 150 level? So, the USD/JPY closed last night at 148.18. It dropped back to a session low earlier on, at 147.51. The high seen prior to that was set at 148.19 just on the Asian handover and ideally, if the dollar is to steady itself further, it needs to make a sustained move, back above 148.19 from here on today. The USD/JPY is currently trading at 147.90
Market News
All News-
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...
