The Japanese yen was rising intraday on the persisting concerns about the US-China trade talks. But currently, the yen has fallen against all other most-traded rivals. Domestic macroeconomic data could not be blamed for the fall as today’s report was rather good.
The Japanese yen rose against other major currencies today amid growing skepticism about chances for a trade deal between the United States and China. Japan’s trade balance failed to meet expectations but that had hardly any noticeable impact on the yen.
The Australian dollar versus the Japanese yen currency pair seems to have been conquered by the bears. Is it so or is it just a mirage?
The Japanese yen fell against other most-traded currencies today even though markets were cautious amid a lack of new details about the US-China trade talks. Japan’s industrial production expanded more than was expected but that did not help the Japanese currency either.
The Australian dollar versus the Japanese yen currency pair is depreciating, thus attracting more buyers. However, they could be at a disadvantage.
The Japanese yen is strengthening against multiple currency pairs midweek, driven by better-than-expected banking lending and manufacturing prices. Will this be enough to quash concerns about a possible recession? After last week’s surprise decline in machinery orders, it is unclear where the Japanese economy is heading.
The US dollar versus the Japanese yen currency pair made a new high at 109.48 after piercing an important level. What is of major importance is whether or not the bulls can sustain the gains.
The Australian dollar versus the Japanese yen currency pair extended the gains and reached the 75.40 rate. The question is now whether the appreciation will continue or not.
The Japanese yen is slipping against most major currency rivals to start the trading week, driven by considerable weakness in the nation’s manufacturing sector, housing industry, and labor market. Although Tokyo had experienced some positive economic data early last week, these were offset by bearish trends throughout the economy.
The Australian dollar versus the Japanese yen currency pair behaved as expected, as it appreciated from 0.8918 to 0.9039.
