Dollar drops back as EUR/USD and GBP/USD lift towards session highs
The earlier gains for the US dollar have all now gone, except versus the Yen. The pound and the Euro have continued to rise from earlier lows. The...
The important US number on the radar for the USD/JPY later today
The USD/JPY has now lifted from an earlier session low at 146.68. It is just now rising back above the 147 handle once more and this is clearly linked...
Brent lifts above $79 again on Kremlin comments
A short while ago some comments from the Kremlin on the oil markets emerged on the newswires. Oil prices were already rebounding ahead of these...
Today is a public holiday in Japan (Culture Day) and so the price action in the USD/JPY has been contained to a tight range, with 150.25 to 150.55 covering as the European markets reopen. Yesterday the USD/JPY managed to recover from a low at 149.85. That recovery saw the dollar rebound to 150.55 just after the 4pm London fix. It later closed in the US at 150.45. It has been drifting lower so far today though and not helped by any rebound in US yields yet this morning. Of course the looming US monthly jobs report is in play later today and so often the USD/JPY is the most reactive major pair to that data. That said, it will need to be a good report for the dollar to retest the recent highs by the looks of things right now. There will be more to add as the day unfolds. The USD/JPY is currently trading at 150.25