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.


US Dollar index keeps edging up on American upbeat mood

On Friday, the evergreen buck kept tacking on versus other key currencies after the minutes of the Fed’s latest policy gathering along with Thursday’s upbeat data powered optimism as for the strength of the American economy…

Evergreen buck is at 1-1/2 week maximums on Fed minutes

On Thursday, the main US currency was seen at one-and-a-half week maximums versus a group of key rivals, following overnight revenues after minutes of the Fed’s January gathering underlined hopes for faster lifts in American interest rates…


EU shares mostly inch down

On Friday, EU shares mostly traded lower because markets were busy with digesting comments by ECB President Mario Drgahi…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

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