Japanese yen rebounds steeply as traders look for safe-haven

Japanese yen rebounds steeply as traders look for safe-haven

On Friday, the Japanese yen rebounded steeply in Asia because market participants shifted to the safe-haven currency amid a leap in risk sentiment over the probable impact of American tax cuts because plans passed the House of Representatives as well as a major US Senate committee.

The currency pair USD/JPY hit 112.57, sliding 0.43%, AUD/USD ascended 0.04% reaching 0.7591. Additionally, EUR/USD soared 0.30% being worth 1.1805, GBP/USD rallied 0.30% trading at 1.3234.

Evaluating the greenback’s actual strength against a basket of six crucial currencies, the US dollar index went down 0.33% being worth 93.53.

Overnight, the evergreen buck didn’t change, shrugging off a couple of bearish reports on initial jobless claims as well as manufacturing ahead of a Republican House vote on a huge tax reform bill.

As the US Department of Labor informed on Thursday, initial jobless claims soared 10,000 to a seasonally adjusted 249,000 by November 11, confounding estimates of a 4,000 tumble.


Japanese yen rallies to two-weak maximum

On Monday, Japan’s major currency managed to ascend to a two-week maximum versus the common currency, following reports that Japan’s primary financial institution was discussing moves for the purpose of scaling back its huge monetary stimulus…


Asian shares tumble with Japan markets shut

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…

Greenback surges as yields soar

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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