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On Monday, the evergreen buck stood still versus the Japanese yen, having rebounded from 12-week maximums reached the previous week. It’s because renewed focus on geopolitical risks amid worries that North Korea might be preparing another missile launch.
North Korea is believed to be preparing another long-range missile test. The given missile is supposed to be capable of reaching the west coast of America.
The newly-revived focus on geopolitical tensions definitely helped to lend support to the safe haven Japanese yen, and also brought the greenback down from its post-US jobs data peaks.
On Friday, the evergreen buck was already in retreat because of profit-taking, when the North Korea-related shocking headlines reached financial markets, exacerbating the US currency’s dip.
The greenback hit 112.56 yen, standing still on the day. As for Friday, that day the US currency had hit a maximum of 113.44 yen, which is the highest outcome since July 14.
On Tuesday, the evergreen buck slumped due to the fact that the key US bank started its two-day gathering, with many expecting the major financial institution to come up with a dovish outlook on monetary policy when the gathering concludes on Wednesday…
For the last week, crypto assets jumped, backed by a 25% leap in Bitcoin Cash, in contrast with a backdrop of further indications of sluggishness in fiat currencies, including the evergreen buck…
On Monday, the evergreen buck slumped to a two-and-a-half week minimum because market participants pulled back ahead of the Fed’s meeting a bit later in the week…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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