Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
USD/JPY longs pared back some more in early European trade
Since an earlier update here, the USD/JPY has fallen further below the 155.50 mark and seems to have triggered some system based selling towards the 155 handle. The low seen so far has been set at 155.14. Of course the move lower in the USD/JPY has taken the likes of the EUR/JPY and GBP/JPY lower with it. This further unwind in dollar longs does beg the question; as to whether the correction from 151.86, to above 157 may have run its course now? There are some doubts about that still, because a massive payroll count from the US later today could shift it back up again. So, right now this looks more like a forced paring of dollar longs, just in case that data disappoints. The USD/JPY is currently bouncing a bit now though, trading at 155.37
Market News
All News-
USD/JPY rises towards 144 after US consumer sentiment revised higher
The final revision to the University of Michigan consumer sentiment index has actually seen all the readings revised a bit higher. Well quite a bit...
-
US stocks turn lower as US data awaits - Dow Jones leads the way
Any minute now the latest US university of Michigan consumer sentiment index will be released but this is the final reading so it might not have much...
-
Bitcoin has a look at 95k this afternoon
Not that long ago Bitcoin managed to take out all the highs seen yesterday and earlier today and led it to press just above the 95k handle for the...
