Japan is on holiday today, but that is irrelevant to yen buyers.
USD/JPY to its lowest in 12 months, without fresh news nor data to drive it (none is needed, as I’ve been saying for a while now):
The USD is lower pretty much across the board also. Even AUD, which had been troubled by the poor data from China over the weekend, is gaining against the big dollar.
This article was written by Eamonn Sheridan at www.forexlive.com.
Related Articles
Eurozone September final consumer confidence -12.9 vs -12.9 prelim
Economic confidence 96.2 vs 96.5 expectedPrior 96.6; revised to 96.5Industrial confidence -10.9...
EURUSD Technical Analysis – Can’t break above the 1.12 handle
Fundamental OverviewThe USD remains under pressure amid the aggressive market pricing for...
Germany September unemployment change 17k vs 12k expected
Prior 2kUnemployment rate 6.0% vs 6.0% expectedPrior 6.0%German unemployment rose by a...
Weekly update on interest rate expectations
Rate cuts by year-endFed: 74 bps (51% probability of 50 bps rate...
Leave a comment