Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
USD/JPY rebounds from below 154 again
On Friday, as covered here in a number of updates, the USD/JPY rejected a decisive break above an important longer-term Fibonacci rebound objective level, at 156.67. The subsequent fall that followed saw the dollar slide to a low at 153.86 ahead of the US weekly close. The USD/JPY later closed on Friday at 154.30. Earlier this morning, it fell back below the 154 handle once more, hitting a session low at 153.84. That move coincided with the jump in Gold and hence was surely due to risk aversion for the same reasons as mentioned in the previous update. However, the dollar has bounced from below that 154 handle again. So, there is the prospect of an interim double bottom being put in place just below 154, should that remain intact. It is too early to conclude on that yet though and much depends on the headlines that emerge from here on today. The high since the low has been set at 155.14. It is currently trading at 154.65
Market News
All News-
Gold takes another hit
Just as the US stock markets were about to reopen Gold was pushing a little higher and heading back towards $3,040. Well, that move did not last long... -
Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
