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USD/JPY rebounds towards 157 again but Japanese officials keep spouting
Earlier this morning the USD/JPY fell to a low at 156.29. That low came after an earlier noted breakdown below the low seen on Friday, at 156.96. It is pretty clear that system sellers joined in on that move lower. However, over the past couple of hours the Yen has been weakening again as the European stock markets continue to rise. That is also lifting the US futures, but as usual it is hard to determine which is leading the other. The USD/JPY just touched 156.95, but so far that earlier breakdown level at 156.96 has capped the rebound. There have also been some fresh comments from a Japanese LDP official, warning about Yen weakness. The USD/JPY is currently trading at 156.93
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Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
