Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
USD/JPY on the rebound so far today
The USD/JPY closed out 2023 pretty close to its most recent lows (140.25), to there was no major rebound into the end of the year, when it closed on Friday at 140.89. However, the dollar has made some progress today. Earlier the USD/JPY rebounded to as high as 141.67, from a session low prior to that, at 140.82. The lack of any trading in Tokyo today might have been integral to that move and perhaps the earthquakes in western Japan yesterday might have played a role in pushing the Yen lower. However, despite rising today, the technical picture for the dollar is not that great. The 21 day moving average is now close to falling below the 200 day. The 21 day is right now at 143.24 and the 200 day moving average is in place this morning at 143.13. Hence, that is still rising, whilst the 21 day is falling steeply. So, we have clear divergence between the short and longer-terms trends. The USD/JPY is currently trading at 141.41
Market News
All News-
US stocks running out of steam now this afternoon? Time to sell again? Check out the S+P 500
The US stock markets have edged off their earlier highs now. That saw the S+P 500 peak earlier at 5,669. The Nasdaq 100 peaked earlier at 19,833. That... -
Is the trend your friend? EUR/USD turns higher again
It seems the minor dollar bounce is over now this afternoon, following the US economic releases seen earlier. The EUR/USD is now pushing to fresh... -
BTC just not having it yet this afternoon
Well, with the Nasdaq 100 lifting above 19,800 this afternoon, one might have been forgiven for think that Bitcoin would be higher. Well, it is not...
