The USD/JPY pair is trading sideways in the Asian session today. The yen pair is in consolidating phase after a heavy loss yesterday by dropping the most since August. While it has to be noted that the pair has broke March 2017 highs before activation of the stated fall on Wednesday. The receding inflation expectation [...]
Euro is trading high against greenback and the pair EUR/USD is hovering around 1.1450 level in the early Asian session. On Friday, the major currency pair dropped to a fresh 16-month low 1.1432 before bouncing. The bounce of the Euro can be related to the cautious market mood amid the downbeat Michigan Consumer Sentiment. The [...]
USD/JPY traders high amid the US inflation expectations and the China evergrande favorable updates helping in the US dollar strength by improving market mood. The US Consumer Price Index (CPI) made a jump to a three-decade high of 6.2% YoY thus encouraged Fed rate hike expectations. The views on the monetary policies led to rise [...]
USD/JPY remains on the uptrend above 114.00 amid the initial Tokyo trading hour on Monday. The yen pair rises for the second consecutive day. Monday’s headlines suggesting Prime Minister Fumio Kishida’s victory in snap elections, Firmer US Treasury yields and a mildly positive risk appetite underpin the bullish trend of yen pair. New Japanese Prime [...]
