The USD/JPY currency pair has been a subject of market scrutiny, and its outlook remains influenced by various factors. This analysis delves into the intricate dynamics affecting USD/JPY trading. Current State of USD/JPY Intraday bias for USD/JPY is currently neutral, focusing on crucial support and resistance levels. The market’s direction hinges on the pivotal 145.97 …
USD/JPY Analysis: Influential Factors Affecting Outlook Read More »
Right after Washington pulled back and called for renewed diplomacy, safe-haven assets also pulled back in sessions. Good news came in yesterday after the head of the White House gave his speech regarding the extreme tension. Safe-haven assets such as the Japanese yen and the Swiss franc immediately lost their safe-haven appeal in sessions. Traders …
Washington Backs Down, Safe-Haven Assets Retreat Read More »
As Washington and Tehran exchange threats, safe-haven assets in the forex market are still struggling to rally. Both the Japanese yen and Swiss franc aren’t surging as traders would initially expect due to the rising tension. The US dollar isn’t also rallying in sessions. Instead, traders tune their focus on the precious yellow metal, gold. …
Washington, Tehran’s War Fails to Buoy Safe-Haven Currencies Read More »
The Chinese central bank announced that it would trim down a portion of deposits in commercial banks earlier this week. This means the required volume of cash in banks in China will diminish, pumping more cash the country’s economy. The move will release billions and billions of dollars in Beijing’s financial system. It will …
The Japanese yen exchange rate is in deep waters this 2020 as the US and China settle the trade agreement. It’s as if the trade war saga is a Marvel franchise wherein it has phases and climaxes. US and Asian stocks are rallying thanks to trade war hopes, but that’s not the case for safe-haven …
Yen Exchange Rate May Be in Trouble in 2020 | Wibest Read More »
The safe-haven asset from the land of the rising sun steals the spotlight after the BOJ governor gave his speech. The Japanese yen exchange rate dips this Thursday’s trading sessions as trade war prospects get clearer. Aside from trade war optimism, the improving sentiment around the global economic growth is also pushing the yen lower. …
Japanese Yen Exchange Rate in Focus After Christmas Read More »
Last week, traders were left confused as the Japan yen recorded different results in forex sessions. Last week Friday was also the day when the Bank of Japan governor gave a dovish remark, triggering speculations of future easing. The Japan yen contract rallied 0.32%, or 0.000029 points, last week. Meanwhile, the yen failed to gain …
Japan Yen Sees Different Direction Last Week | Wibest Read More »
The Japan yen holds steady against the greenback after the Bank of Japan governor gave his speech earlier. According to Governor Haruhiko Kuroda, the bank sees ample room to cut its base rate in the future. The USD JPY exchange rate nearly flatlined as it only manages to inch up 0.06% or 0.06 points this …
Japan Yen Steadies After Kuroda’s Speech this Friday Read More »
Forex traders take their time to digest the news from central banks and their decision about their monetary policies. Both the Bank of Japan and the US Federal Reserve takes the spotlight in the forex market. The US dollar fell following the announcement of the US Federal Reserve this Thursday. The Fed decided to cut …
US Federal Reserve Monetary Decision in Focus | Wibest Read More »
The People’s Bank of China or the PBOC continues to skip the reverse repos this Tuesday. Sources say that the decision aims to maintain reasonably sufficient liquidity in the country’s banking system. In an official statement, the central bank of China said that the increase in fiscal expenditures could affect the maturing reverse repos. The …
Bank of China Skips Reverse Repos Again | Wibest Read More »
WeWork received a rescue deal from SoftBank to pull away from a $1.5 billion payout. The Japanese tech giant will offer $5 billion of financing and offer up to $3 billion for current shareholders and investors. Before this bailout, SoftBank already owned approximately 30 percent of WeWork. However, now they have 80 percent ownership of …
The Japan yen fought a good fight last week’s Friday, but that doesn’t mean it gained altitude. On the contrary, it, unfortunately, fell against other currencies. JPY traders didn’t expect that the Japan yen contract will gain despite its fall against other currencies in forex sessions. News from the Japanese consumer inflation rate weighed in …
The Japan yen struggles to hold on to its ground in today’s sessions as other currencies gained altitude against it. Meanwhile, the yen’s futures rose this Friday’s trading despite inflation slowing down. The USD JPY trading pair inches slightly down by 0.03% or 0.03 points in sessions. The pair currently trades for ¥108.62 a tad …
Japan Yen Struggles to Hold on to its Gains | Wibest Read More »
Upsetting data from the German exports report worried traders to its effect on the single currency. Fortunate for them, the results weren’t enough to push the euro to the losing end in yesterday’s trading. The euro still gained against other major players in Thursday’s trading. Traders were delighted as the EUR managed to push the …
German Recession Threatens the Euro | Wibestbroker Read More »
The US dollar bill fell against other major currencies yesterday after Donald Trump’s comment revived trade war hopes. The US dollar index, or DXY, slipped by 0.06%, or 0.06 points, ranging between 98.86 and 99.13 in sessions. And the US dollar futures for December 19 slipped harder, declining 0.12%, or 0.119 points, in Thursday’s trading. …
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