EUR/JPY reversed down at the 200-week MA around 124.45. The pair became really overbought and formed a reversal pattern on the D1.
Tag - jpy - japanese yen
USD/JPY dropped hugely. What’s next?
The optimism connected with lifting the lockdown measures across the world is driving the market up…
The week starts positively, but on a milder note compared to some aggressive gains achieved recently; with the exception of the USD/JPY, the US dollar is generally weak.
Today's NFP brought us some strong data - how did Forex react?
The USD is trying to retrace losses versus other major currencies, while traders await comments from the ECB…
The AUD is the strongest currency in the Forex market these days. What are the long-term perspectives?
As the risk-on mood stays in the market pushing the AUD to beat new local highs, the USD goes down, gold - sideways, and the oil price - up.
The USD/JPY is at the lower border of the 2-week channel. Will it be broken?
The US-China tensed relationship coupled with the US domestic unrest weakens the USD against most currencies. The AUD, oil, and gold rise.
Let’s look at main movements on the market.
The Forex market is more risk-on compared to the previous days, hence the US dollar has given up some of its positions.