On Wednesday, the US dollar regained some traction against the Japanese yen during Asia trade, while remaining under pressure after North Korea launched a ballistic missile into the sea.
The launch, coming just ahead of a summit between Chinese and American leaders, backed demand for the perceived safe-haven Japanese yen, which tends to go up in times of risk aversion or geopolitical tension.
The greenback actually got some help from Japanese importers on a so-called "gotobi" date. That’s a multiple of five on which accounts are normally settled.
However, worries about the upcoming China-U.S. summit capped the greenback’s upside, as well as ascending speculation that US President Donald Trump will experience challenges implementing his promised movies in the wake of his administration's recent failure to pass healthcare reform.
The greenback added 0.1%, hitting 110.85 yen, drifting away from its overnight minimum of 110.27, though quite below last Friday's 10-day high of 112.19 yen.
On Monday, the evergreen buck slumped versus a currency basket, having reported its greatest weekly revenue for a month the previous week because market participants shifted their attention to American retail sales outcomes for June later in the trading…
On Friday, the evergreen buck rallied to a 10-day maximum after American consumer prices data disclosed a build-up of inflation pressure, which would enable the Federal Reserve to have rates lifted up to four times in 2018…
On Thursday, the US currency was generally intact versus its counterparts…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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