Posts Tagged ‘USD/JPY’

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USD Shaken as Investors Lock in Profits

The US dollar came under pressure in the Wall Street following a release of the manufacturing index from the Philadelphia Federal Reserve Bank. The US currency was struggling for gains in the Asian trade today. The USD/JPY pair bounced from 110.00 and nearly approached the level of 110.20. The yen was unwilling to give up in light of upbeat inflation data from Japan. The Ministry of Internal Affairs and Communications reported that Japan's consumer price index climbed […]

Rising Yields of US Treasuries Prop Up USD

In the Asian trade, the US dollar rebounded to an almost 11-month high against a basket of currencies, supported by rising yields of US Treasuries. Today, the USD/JPY pair recovered to 110.60. Investors put aside their concerns about a trade dispute between US and China, shifting focus to macroeconomic events. Apart from Treasuries, the US dollar found support from a speech of Jerome Powell at the annual ECB symposium in Sintra. The Fed Chair confirmed the readiness […]

USD Picking Up Steam

The safe haven yen failed to retain the interest of investors and gave in to the US dollar in the Asian trade. The USD/JPY pair rose above 110.00. Investors have shrugged off fears about a looming trade war between the US and China. Meanwhile, yields of the US Treasuries are gradually climbing that provides the US dollar with support. Nevertheless, demand for risky assets is still low. For example, the New Zealand dollar is still […]

Market Foresees Global Trade Turmoil

Donald Trump is keeping investors on edge. Tumbling US stocks and turmoil on forex are accompanied by a new threat from the US President to impose extra levies on Chinese imports. The USD/JPY pair sank by 1% in the Asian session, trading at about 109.70. Today, traders prefer buying safe haven assets. Donald Trump requested the US trade advisor to prepare new tariffs at 10% on other Chinese goods. China apparently has […]

Traders Avoid Big Bets Amid Grim News

Traders decided to avoid big bets as fresh news from Washington and Beijing puts investors on edge. The trade conflict between the two largest global economies has nearly reached the boiling point. On Friday, the White House said it would proceed with plans to impose steep tariffs of 50 billion US dollars on Chinese goods. In the weekend, Beijing vowed to make a retaliatory response. Amid the escalating trade dispute between the US […]

USD to be in Demand Until End of Trading Week?

Today, Asian traders corrected the US dollar against the Japanese yen. They were focused on outcome of the Bank of Japan policy meeting. The Bank of Japan decided to retain the short-term interest rate unchanged at -0.1%. Besides, the policy makers kept the intention to buy government bonds in a volume of 80 trillion yen annually. Nevertheless, they indicated moderate growth of the domestic economy and consumer inflation. Interestingly, one of the officials voted against the ultra-easy monetary […]

Investors Lack Time to Digest FOMC Decision

After the Federal Reserve announced its policy decision, the US dollar index went in a downward spiral even though market expectations came true. In a widely expected move, the key interest rate was lifted to 2%. Moreover, the rate setting committee noted strong momentum in the domestic economy that signals readiness for two more rate increases later this year. Euphoria did not last for long and investors are now […]

USD Changes Its Trajectory

Asian traders rushed to buy the US dollar against the Japanese yen in the run-up to the policy meeting of the Federal Open Market Committee. The USD/JPY pair has a 3-week high having surpassed 110.00. In the context of the quiet political arena, safe haven assets are set to fall in value against the greenback. Besides, the US dollar index is following the upward trajectory. It is now trading at about 93.90. Market participants are sitting […]

Traders Awaiting Details of Singapore Summit

Today, traders are focused on the results of the summit between the United States and North Korea in Singapore. Ahead of the meeting, Donald Trump tweeted that there were some concerns. Traders were also worried. The US dollar index barely reached the mark of 93.90, but then quickly returned to 93.50. Still, the greenback keeps placing the Japanese yen under pressure. The USD/JPY pair is trading within 110.20 levels. Experts point […]

Trading Sentiment Depends on Weekend News

Traders are starting a new week in confusion in the wake of the G7 summit. The annual summit has been held by the most advanced Western economies for the 10th year in a row. However, the latest summit fueled concerns among market participants about a growing conflict between Washington and its allies. At the summit, US President Donald Trump slammed the EU countries for high tariffs on US goods and unfair trade practice. Besides, Donald Trump accused […]