Ready to Get Started?
Start here. Join 2.9M Libertex users around the world!
USD/JPY on the rebound again but will it last?
Since the last update here this morning noted the slide to a new interim low on the USD/JPY, the dollar has now rebounded yet again. That rebound has just taken the dollar back to above 141.35 and it comes in tandem with a higher European stock market opening and a slight relapse in the EUR/USD and GBP/USD. The rebound in the Nikkei 225 futures has helped to lift the dollar too, as the correlation between the Nikkei and the Yen remains rock solid. The rebound in the USD/JPY has also helped the EUR/JPY and GBP/JPY to rebound as well. The recent trend of the USD/JPY rallies being knocked back each time as been clear to see over several sessions and as things stand right now there is no reason yet, to suggest that pattern will not continue. The USD/JPY is currently trading at 141.40
Market News
All News-
USD/JPY on the drift lower again as markets wait nervously
Earlier this afternoon the USD/JPY dropped back below the 148 handle, basing out around 147.87. An attempt to rebound off that low has just now given... -
US stocks open in the red- check out the early price action in the Dow Jones
The US stock markets have just kicked off the new week and it has been a lower start to the day for the three major indexes. As noted here much... -
No sign of any rebound for the GBP/USD- Pound sets fresh session lows at 1.3060
The dollar was the best performing major currency on Friday and no wonder, because the US September Jobs data ensured a really positive weekly close...
