Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
USD/JPY holds 151.00 again and rebounds
Since the last update here, the USD/JPY tested the downside and repeated efforts to break below 151.00 played out. However, for the time being that level has held once again. To remind the reader, the USD/JPY based out on March 22 at 151.01. It then based out again on March 25 at 151.05 and just now it hit a session low at 151.03 and has risen slightly again since. That rebound has also forced the EUR/USD down to session lows underneath 1.0820. The fact that the EUR/USD could not reclaim the noted 200 day moving average, at 1.0837, even as the USD/JPY fell back has seemingly caused the Euro to fall back as the USD/JPY now rebounds. However, it remains to be seen if that low at 151.03 will cap the downside for the rest of the day, or not. The USD/JPY is just now trading at 151.22
Market News
All News-
University of Michigan consumer sentiment index falls- USD/JPY slips and rebounds
The University of Michigan consumer sentiment and inflations expectations indexes have just been released. These are the preliminary May readings and...
-
Dow Jones turns lower in very early trading
As mentioned here much earlier today the Dow Jones was the best performing major US stock market index, when it closed higher on the day, at 42,322... -
US stock markets open modestly higher- check out the Nasdaq 100
The US stock markets have just this minute reopened for the final live trading session of the week and it has been a modestly higher start to the day...
