The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.
USD/JPY: forecast for Oct. 16-20
The US dollar had difficulties with the continuation of its advance versus the Japanese yen. During the past week, there were no major positive surprises from America, while yen selling momentum is suppressed as foreign yields stay relatively low.
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.