Greenback wobbles vs. yen on heightened risk aversion

Greenback wobbles vs. yen on heightened risk aversion

On Tuesday, the evergreen buck wobbled against the Japanese yen, buckling against its safe-haven Japanese counterpart because a risk-averse mood spread through the broader markets.

This week investor appetite for risk has been dulled by several factors, including an anxious wait for an approaching meeting between Chinese President Xi Jinping and US President Donald Trump as well as a suspected suicide bombing in St. Petersburg, Russia.

The greenback extended its overnight losses and dropped 0.2%, hitting 110.660 yen, having reached 110.480, its lowest value in a week.

Monday's mostly positive American construction spending as well as manufacturing data affirmed a steady improvement in the US economy, though did little to uphold Treasury yields and the greenback.

The common currency was steady at $1.0667, having soared just 0.2% overnight against the greenback. Its advance was tempered by a steep drop in German bund yields powered by flight-to-safety, reacting to the bombings in St. Petersburg.

 

Similar

Will the CPI Crash the USD?
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!

Latest news

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

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.

Callback

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