Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
Greenback tacks on, shaking off weakness vs. yen
On Thursday, the evergreen buck rallied versus its peers, shaking off earlier losses against the Japanese yen, underpinned by signs that traders’ risk appetites were recovering and also by optimism on American tax reforms.
The US currency jumped 0.1% being worth 112.380 yen having tumbled by 0.25% overnight.
The greenback had dived versus the Japanese yen after on Wednesday Donald Trump officially recognized Jerusalem as the capital of Israel, thus endangering Middle East peace efforts and also upsetting Washington's allies and foes alike.
On Thursday the currency pair USD/JPY rallied in line with an ascend in Tokyo equities, which had dived yesterday on Middle East concerns.
However, considering the Nikkei's profits - the index tacked on more than 1% - the greenback’s leap against the Japanese yen turned to be restricted, as some analysts noted.
The common currency stood still sticking to $1.1803 having dived 0.25% overnight.
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