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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.
During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?
The US unemployment claims are announced on Thursday at 15:30 MT time.
The Canadian monthly GDP is announced on Wednesday at 15:30 MT time.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
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