Yen May Recover on Potential Heightened U.S. Policy Uncertainty, Fed Easing

USDJPY Pulls Back, But Buyers Step In at Key Levels - Action Forex

Key Highlights USD/JPY started a downside correction and traded below 147.20. A connecting bullish trend line is forming with support at 144.50 on the 4-hour chart. EUR/USD could aim for a recovery if it clears the 1.1280 resistance. Gold prices dipped further and traded below $3,200. EUR/USD Technical Analysis The US Dollar failed to continue […] The post USDJPY Pulls Back, But Buyers Step In at Key Levels appeared first on Action Forex.

Yen May Recover on Potential Heightened U.S. Policy Uncertainty, Fed Easing

0044 GMT — The yen may recover later against the dollar on potential developments such as heightened U.S. policy uncertainty, two members of HSBC Global Research say in a research report. Other possible developments include resumption of pessimism toward...

Japanese Yen seems poised to appreciate further amid hawkish BoJ expectations

The Japanese Yen (JPY) trades with a positive bias against its American counterpart for the third straight day on Thursday and for now, seems to have stalled the previous day's late pullback from the weekly high.

Japan recorded a current account surplus of over 30 trillion yen in the January-March period, the largest ever. Since the amount of foreign currency received was overwhelmingly greater than the amount of foreign currency paid out, the yen should have appreciated, but for some reason the dollar-yen exchange rate has fallen back to the high 140 yen range. This is to be expected, when we look at the actual demand for yen purchases.

[New York Joint] As of 5pm on the 14th, the yen was trading at 146.72-82 yen per dollar on the New York foreign exchange market, up 71 sen from the previous day, with the dollar down. The euro was trading at 1.1169-79 dollars, or 163.92 yen-164.02 yen. Recent weakening of the yen and strengthening of the dollar

The official value of the US dollar has become 2.7436 GEL. According to the data published by the National Bank, as a result of today's trading, the value of 1 US dollar has become 2.7436 GEL. The exchange rate that was in effect today was 2.7440 GEL. Accordingly, the change in the dollar against the national currency amounted to 0.0004 GEL. As for the euro, its exchange rate is 3.0822 GEL. While the exchange rate in effect today was 3.0464 GEL.…