Yen goes down

Yen goes down

On Thursday, the Japanese yen held weaker in Asia after the BOJ held steady just as expected and the White House hinted it won’t move to break up with the North American Free Trade Agreement as earlier reported, thus sending the Canadian and Mexican currencies up.

Donald Trump agreed to stay away from terminating the NAFTA treaty in phone calls with the leaders of Canada and Mexico.

The currency pair USD/MXN edged down 1.15% to 18.9589, while USD/CAD hit 1.3533, sliding 0.63%.

The Bank of Japan increased its real GDP prediction for the 2017-18 fiscal years from 1.5% to 1.6%, while holding its target yield for the benchmark 10-year government bond at about 0% as well as ¥80 trillion annual pace of expansion of the bank’s monetary base.

Aside from that, market participants are waiting for the European Central Bank's rate verdict.

The currency pair USD/JPY hit 111.14, rising 0.10%, while AUD/USD reached 0.7487, soaring 0.19%. As for the currency pair EUR/USD, it ascended 0.06%, being worth 1.0911.

Similar

Popular

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…

Deposit with your local payment systems

Callback

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