Greenback reaches 15-month minimum vs. Japanese yen

Greenback reaches 15-month minimum vs. Japanese yen

On Thursday, the evergreen buck managed to extend its drop versus the Japanese yen and reached a fresh 15-month minimum, with investors set for another near-term dive in the greenback.

The US currency sagged below Wednesday's minimum of 106.725 yen and headed south to 106.30 yen, which is its weakest value since November 2016. The given outcome marked a 3.8% dive from its early February high of 110.50 yen.

Later the US dollar partly offset some of its losses, sliding no more than 0.4% to 106.56 yen.

Financial analysts and market participants told that the next support level for the evergreen buck might account for 105 yen.

Some traders told that speculative purchasing of the Japanese yen definitely helped to down the evergreen buck, with stop-loss dollar selling later contributing to the dive versus the Japanese currency.

On Wednesday, the major American currency obtained support from a stronger-than-anticipated ascend in January’s American consumer prices, which spurred bets the Fed might have interest rates lifted up to four times this year.

However, revenues in the evergreen buck turned to be short-lived, while this asset finally retreated versus key rivals notwithstanding the change in hopes for American interest rates.

On Thursday, the common currency soared 0.1% hitting $1.2459 in Asia trade having climbed 0.8% on Wednesday. The British pound didn’t change, hovering over $1.4004, having ascended 0.8% yesterday.

In the wake of the greenback’s abrupt sag versus Japan’s currency for the last weeks, a great number of traders were pondering whether Japanese exporters and this country’s investors would accelerate hedging their exposure to the greenback or not.

Perhaps, they would be more prone to selling their dollars with the aim of protecting downside risk for further weakness in the US currency, as some financial experts point out.   


How to trade the JPY?
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:

Is Inflation Defeated?
Is Inflation Defeated?

Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.

Who Will Rule the US?
Who Will Rule the US?

The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.

Latest news

China Stocks are About to Jump
China Stocks are About to Jump

It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera