Investors weigh reopening economies against the growing US-China tension. Which impulse will be stronger?
Tag - jpy - japanese yen
The US-China relations become more tensed pushing the USD gain value against the rest of the currencies; JPY loses, gold and oil indecisive.
Here you’ll find fresh news that drive the market today.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
There’s still scope EUR/JPY to rise towards the 118.70/119.85 area, where a reversal to the downside should take place.
The market is mixed this Wednesday, with the AUD and the NZD tipping out on their recent bullish advances, oil consolidating at the local resistance level, and gold getting back to an upward trajectory.
The British pound is going up, while gold is correcting
You may not have noticed that but the Japanese yen rose every month this year. It grew more than other currencies of the Group-of-10 and became a top currency. How could it have beaten the powerful US dollar? Let’s see.
Oil and gold are rising, the currency market is mixed - watch the new weekly outlook to see what's moving!
Poor data from Japan, WTI oil is above $30, stock market gains
The week started with a poor data from Japan. Stocks rally, WTI oil price is above $30, gold is headed to 1800.
The week is ending quiet, but pretty heavy. The gold price stabilizes at a higher plateau.