Mon, October 03, 2022

JPY trading

Washington: Japanese yen and Swiss franc bills and a calculator.

Washington Backs Down, Safe-Haven Assets Retreat

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 …

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Washington: Swiss franc bills.

Washington, Tehran’s War Fails to Buoy Safe-Haven Currencies

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. …

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Wibest – Yen exchange rate: Japanese yen bills and coins.

Japanese Yen Exchange Rate in Focus After Christmas

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. …

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Wibest – Different Japan yen bills.

Japan Yen Sees Different Direction Last Week | Wibest

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 …

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Wibest – Bank of China: People's Bank of China main headquarters.

Bank of China Skips Reverse Repos Again | Wibest

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 …

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The Yen Eases, Investors Remain Concerned

Japan Yen Struggles to Hold on to its Gains | Wibest

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 …

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Wibest – EURGBP: Euro coins.

German Recession Threatens the Euro | Wibestbroker

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 …

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Dollar surged forward

US Dollar Bill Weakens After Trump’s Comment

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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