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USD/JPY lifts to another 38 year record
The USD/JPY has reached another new 38 year record not long ago. The dollar rose to a high at 161.86 a short while ago. That is the highest level for the dollar since 1986 and once again we look to the gains in the Nikkei 225 today for a driver behind that move. The US treasury yields are a little higher this morning too, despite the Dovish tones from the Fed boss yesterday afternoon. The 2 year note is above 4.75% this morning. The gains in the USD/JPY have also pushed the major Yen crosses higher too. The AUD/JPY gains were covered in an earlier update, but the likes of the EUR/JPY and GBP/JPY have both reached multi-decade highs today, but more on those later on. The USD/JPY is currently trading at 161.81
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EUR/USD takes out 1.0800 again
The push above 150 in the USD/JPY this afternoon has now extended and that has seen the dollar rise to around 150.25. At the same time this has added... -
S+P 500 tests correction level at 5,750 following US data
The push above 150 noted in the USD/JPY just now has come alongside further gains in the US equity space. So, it seems the service sector beat is...
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USD/JPY rises above 150 following very contrasting US PMI reports
The March US flash PMI data has just now hit the screens. The service sector reading was last at 51 and expect to be unchanged. It has risen to 54.3...
