|Day's Range||109.98 - 110.319|
|52 Week Range||106.7760 - 114.5110|
Based on last week’s price action and the close at 110.068, the direction of the USD/JPY this week is likely to be determined by trader reaction to the uptrending Gann angle at 110.180.
Investing.com - The Chinese yuan rose against the U.S. dollar on Monday in Asia. In a report published late Friday, the People’s Bank of China (PBOC) said they would continue with stimulus while keeping the currency steady.
The Australian Dollar now has the dubious honour of being the worst-performing G10 currency so far this month, in the leadup to its federal elections on May 18.
The US dollar initially fell during most of the week, but since then we have gone back and forth on the daily charts to form a bit of a zigzag on the way back to the highs. Adding more interest to the market is the fact that we are forming a weekly hammer.
The British pound fell rather hard during the week and a lot of risk aversion when it comes to the Brexit. This of course makes quite a bit of sense, as the political situation with Theresa May looking very likely to retire has a lot of questions attached to it.
The US dollar fell a bit during the trading session on Friday, as we continue to see a lot of noise against the Japanese yen. This makes sense, because there’s a lot of noise coming out of the US/China trade situation, and of course the Japanese yen is an extraordinarily “safe currency.”
The British pound fell rather hard during the trading session on Friday, as we had a bit of a “risk off” move during Asia. As the Chinese suggested that there is no real hope of talks continue in the short term, that of course at the Asian markets selling off. However, by the time the Americans came on board, things started to change.
It was already a terrible trading week for the British Pound thanks to the political risk circus in Westminster and Brexit related uncertainty.
Traders are taking advantage of a lull in news flow stemming from US-China trade tensions to send Asian stocks higher.
A relatively quiet economic calendar leaves Brexit and trade war chatter in focus. Is the trade spat about to get worse and can Theresa May deliver?
Investing.com - The U.S. dollar edged down on Friday in Asia but still hovered near a two-week high following the release of robust U.S. housing data and a better-than-expected weekly jobless claims report.
The US dollar initially fell during trading on Thursday but found support again after dipping. By turning around and bounce in the way it has, this is a market that looks very likely to continue to see a bit of a fight. We are in the midst of a major consolidation area, so this is something to be paid attention to.
The British pound fell right out of the gates during the trading session on Thursday but is approaching a major psychologically significant point. With that in mind, we could get a bit of a bounce rather soon.
Buying sentiment towards the Dollar took a hit on Wednesday afternoon after US retail sales unexpectedly declined in April for the second time in three months.
The Aussie Dollar touches sub-$0.69 as more stats disappoint. Chatter on trade and a sparse economic calendar will be in focus today.
Investing.com - The Australian dollar slid against its U.S. counterpart on Thursday in Asia after data showing that the country's unemployment rate jumped to the highest in eight months boosted expectations for an interest rate cut.
The British pound initially tried to rally during the trading session on Wednesday but gave up the gains again as more of a “risk off” attitude has purveyed in the markets.
The early Wednesday movements in Asia suggest that investors are tepidly putting some risk back on the table, even as uncertainties surrounding US-China trade tensions continue to cast a cloud over market sentiments.
Economic data out of China set the tone early. How much of an impact has the trade war really had on both economies? Are we about to find out?
Based on Tuesday’s close at 109.606 and the inside trading range, the direction of the USD/JPY on Wednesday is likely to be determined by trader reaction to Monday’s high at 109.859.
The U.S. dollar strengthens Tuesday, attempting to snap a 4-day losing streak against its key rivals, amid a contentious dispute between the U.S. and China over trade.
The Brexit deadlock continued to trouble the Cable. Crude prices jumped for the second time in this week following a drone attack on the Saudi State Oil Company.