Fundamental view: The US dollar has initially fallen during most of the week to reach down towards the ¥105 level again. This is an area that has been supportive in the past, and now that it has been recaptured that it is going to see a lot of choppiness. This is due to the fact that there [...]
Fundamental view: The USD/JPY showed a mixed trend in the last week. There’s still plenty of uncertainty, and USD/JPY trading is volatile since both the U.S. dollar and the Japanese yen serve as safe haven assets. The market continues to be driven based upon the idea of stimulus and risk appetite, which of course is all over [...]
Fundamental view: USD/JPY showed a mixed trend for the last week. Greenback lost its strength against Yen. The major news for this is the diagnosis of President Trump and First Lady Melania with COVID-19 on Friday. Japan Tankan Manufacturing Index on 1st Oct and US Unemployment Rate on 2nd Oct favored uptrend for the pair [...]
Fundamental view: The US dollar initially fell a bit during the week, but then turned around to break above the resistance of 105.70. Britain CBI Industrial Order Expectations on 22nd Sept and US HPI monthly report on 23rd Sept created upward movement for the pair whereas Britain CBI Realized Sales on 24th Sept and Britain [...]
