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On Tuesday, the Japanese yen rallied after North Korea announced it had successfully tested an intercontinental ballistic missile, thus cooling risk appetite, while the Australian dollar edged down after the country’s key bank kept to a neutral stance on monetary policy.
The currency pair USD/JPY slid 0.48%, trading at 112.83, drifting away from the seven-week peak of 113.46 hit on Monday.
South Korea’s military along with Japan’s authorities confirmed that North Korea had launched an unknown ballistic missile that landed in the Sea of Japan. Japan protested and labeled it as a pure violation of UN resolutions.
The missile was launched just a couple of days before leaders of the Group of 20 nations are expected to discuss steps to tame North Korea’s weapons programs.
The Japanese grew versus the common currency and sterling, with EUR/JPY sliding 0.39%, and GBP/JPY losing 0.26%.
On Monday, positive American manufacturing data backed expectations for another rate lift by the Fed.
On Tuesday, the evergreen buck bounced off a one-month minimum versus Japan’s currency because a selloff in global stocks relived, while the New Zealand dollar managed to surge after positive inflation data overnight…
On Monday, Bitcoin managed to surge steeply right after a credit scare on a key cryptocurrency exchange generated a rush for the number one crypto asset…
On Monday, the evergreen buck slipped due to the fact that US retail sales data for September missed analysts’ hopes, and as benchmark American Treasury yields stabilized after the previous week reaching their highest value for seven years…
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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