The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.
USD/JPY: forecast for July 3-7
The US dollar performed better against the Japanese yen than it did versus the other major currencies. The reason for that is the still dovish approach of the Bank of Japan and rather favorable market’s risk sentiment.
This is Forex trading plan for Thursday, May 24…
It seems like the rally of the greenback has ended. On Monday, the US dollar index tested levels near $94, however, closed below $93.50.
Last week was highly positive for the US dollar, so, it managed to end the Friday’s trading above 93.50.