How to trade the JPY?
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Greenback re-approaches 6-month minimum
On Friday, the US currency sank and re-approached a six-month minimum versus other key currencies because American political turmoil kept weighing on the US dollar, overshadowing the previous trading session’s positive American data.
The currency pair EUR/USD managed to acquire 0.47%, demonstrating 1.1155, which is below Thursday’s six-month high of 1.1173.
The US dollar briefly grew after the issue on Thursday of positive data on American initial jobless claims as well as manufacturing activity in the Philadelphia area.
The currency pair GBP/USD jumped 0.59%, trading at 1.3016, which is off last session’s eight-month peak of 1.3051.
As for USD/JPY, it kept to 111.49. Meanwhile, USD/CHF went down 0.23%, being worth 0.9776.
The Australian dollar showed better results, with AUD/USD soaring 0.44%, getting to 0.7451. The currency pair NZD/USD decreased 0.09%, trading at 0.6895.
Besides this, USD/CAD lost 0.23%, hitting 1.3572.
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