Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
The reaction in the USD/JPY to the miss on US May Retail sales has seen the USD/JPY take a hit on the news. The dollar was actually falling back to below 157.75 a moment go. dropping to around 157.65. That fall was noted in the update on the EUR/USD immediately following the retail sales release. So, right now, unless anything changes ahead of the close tonight, we do have a potential double top on the daily charts, from the high last Friday, at 158.26 and the high seen earlier today, at 158.23. Now of course it is probably too early to conclude on that, but it is a live risk and one that could define a short-term top, if nothing else. The drop in US yields is underpinning that prospect just now too, as the 2 year note slips back towards 4.70%, from earlier highs above 4.77%. The USD/JPY is currently trading at 157.75
The Pound performed pretty well yesterday and continued to press higher from an earlier session low at 1.3203, seen just as the European markets...
Yesterday afternoon the dollar hit session lows leading into the final 4pm London fix of the week and that saw the USD/JPY fall back to 141.90. One...
Pretty much all this week BTC has just not been at the races, indeed that was an observation made the week before and it was the same then too. So...
Start here. Join over 3M Libertex users around the world!