#Dollaryen
Explore tagged Tumblr posts
Visit Tumblr Blog
Explore Tumblr blogs with no restrictions, modern design and the best experience.
Last Seen Tumblr Blogs
Fun Fact
Average visit duration of Tumblr.com is 10 mins and 25 secs.
Photo
USDJPY Looks promising. Trading week about to start. Pick your position. Pick your tools from poshtrader. #poshtrader #tradeforex #tradingtools #forex #forextrader #usdjpy #dollaryen #short #long #shortposition #longposition #call #put #technicalanalysis (at ASX - Australia Stock Exchange) https://www.instagram.com/p/BttxLZ8lZeo/?utm_source=ig_tumblr_share&igshid=1awwzstdvjrk1
#poshtrader#tradeforex#tradingtools#forex#forextrader#usdjpy#dollaryen#short#long#shortposition#longposition#call#put#technicalanalysis
0 notes
Text
TBG Top 5 Gaming Headlines of the Week
TBG Top 5 Gaming Headlines of the Week
Join host DollarYen for a look at the weeks top 5 gaming news headlines. This episode features: Evo2020 – Evolution Championship Series Developers and publishers move to support #Blacklivesmatter The SEGA Gamegear micro announced And much more! Check back soon for more content and catch us on our other social platforms!
View On WordPress
0 notes
Text
Dollar-yen hits new low as stocks weaken
The U.S. greenback was once subdued on Thursday, weakening maximum particularly in opposition to the Japanese yen, which hit a new lowest degree since November 2016, as haven property have been in top call for. In the U.Ok., the Bank of England left charges unchanged, however its feedback on bettering salary enlargement led the British…
Dollar-yen hits new low as stocks weaken was originally published on Daily Cryptocurrency News
0 notes
Link
The Dollar reached near a six-month high against the Japanese Yen. On Friday, the Australian Dollar climbed to its strongest since July after signs of easing Sino-US trade tensions. The global currency market has seen less volatility as they are in a holiday mood after Christmas Day. The overall trading activity is mostly dim. The optimism around the prospects of the trade deal between Washington and Beijing has reduced demand for safe-haven currencies such as yen.
0 notes
Text
TBG Top 5 Gaming Headlines of the Week
TBG Top 5 Gaming Headlines of the Week
Join host DollarYen for a look at the weeks top 5 gaming news headlines. This episode features: Street Fighter V Season 5 Sony reveal event Dragon Age 4 one of 38 new titles? Schedule reveals mean a busy June SEGA Saturn Mini Check back soon for more content and catch us on our other social platforms!
View On WordPress
0 notes
Text
Stocks And USD/JPY Maintain Gains Following Inflation And Income Data
Stocks And USD/JPY Maintain Gains Following Inflation And Income Data
source https://www.investing.com/analysis/stocks-and-dollaryen-maintain-gains-following-inflation-and-income-data-200394188
View On WordPress
0 notes
Text
Forex - Dollar/Yen Quoted Flat In Early Asia As Markets Eye Saudi, Trump
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/forex-dollaryen-quoted-flat-in-early-asia-as-markets-eye-saudi-trump
Forex - Dollar/Yen Quoted Flat In Early Asia As Markets Eye Saudi, Trump
Dollar flat vs yen in early Asia
Investing.com – Dollar/yen was quoted flat in early Asia on Monday with weekend news from Saudi Arabia eyed and President Donald Trump set for a week of meeting in Asia.
changed hands at 114.08 and was last quoted at 0.7651, down 0.80%. was last quoted at 1.1605 and was cited at 1.3077.
The Bank of Japan releases with remarks by Governor Haruhiko Kuroda expected later in the day. New Zealand reports .
In weekend news, Saudi Arabia’s King Salman bin AbdelAziz, announced the formation of a ‘supreme committee chaired by Crown Prince (Mohammed bin Salman) and Chairman of the Monitoring and Investigation Commission, Chairman of the National Anti-Corruption Authority, Chief of the General Audit Bureau, Attorney General and Head of State Security.
The move includes the reported detainment Prince Alwaleed bin Talal, whose Kingdom Holdings dropped 10% in trading on the Tadawul stock exchange on Sunday.
The White House statement said Sunday that Trump and Salman held a phone call discussing counter terrorism efforts, “the continuing threat of Iranian-backed Houthi militias in Yemen” and Saudi Arabia’s interception of a missile fired from Yemen at its capital, Riyadh but the white house said nothing about whether the arrests were discussed.
Trump said he expects to meet with Russian President Vladimir Putin when the two world leaders cross paths in Southeast Asia. Trump said pressure on North Korea was the priority during his first official visit to the region.
In the week ahead, investors will continue to monitor the progress of the U.S. tax reform bill in what will be relatively quiet week for economic data. China is to release data on trade and inflation while monetary policy announcements from the Reserve Bank of Australia and the Reserve Bank of New Zealand are also be on the agenda.
The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted up 0.22% at 94.83.
Last week, the dollar reversed losses on Friday after the release of U.S. factory orders and service sector data that saw investors look past a weaker than expected jobs report for October.
The dollar turned positive after U.S. factory orders and ISM non-manufacturing PMI data.
The Institute for Supply Management reported that its non-manufacturing purchasing managers’ index rose to its highest level since 2005.
Another report showed that new orders for U.S.made goods rose for the second straight month in September and orders for core capital goods rose more than expected.
The dollar had earlier fallen to its lows of the day after the release of October U.S. nonfarm payrolls, which came in below expectations.
The U.S. economy added 261,000 jobs in October, the Labor Department said, falling short of forecasts for 315,000 new jobs. The unemployment rate ticked down to 4.1%, its lowest level since December 2000.
Some investors believe the data was distorted by the effects of recent hurricanes in the U.S. Investors were also focused on the proposed tax overhaul outlined by Republican lawmakers on Thursday.
Some traders believe tax reforms could bolster growth, adding pressure on the Federal Reserve to raise interest rates, known as the “Trumpflation” trade.
Meanwhile, sterling nudged higher, with GBP/USD rising 0.13% to 1.3076, one day after posting the largest one-day decline since the June 2016 Brexit vote after the Bank of England raised interest rates for the first time in more than a decade but said it sees only gradual rises ahead.
Read More https://worldwide-finance.net/news/commodities-futures-news/forex-dollaryen-quoted-flat-in-early-asia-as-markets-eye-saudi-trump
0 notes
Text
Forex - Dollar/Yen Quoted Flat In Early Asia As Markets Eye Saudi, Trump
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/forex-dollaryen-quoted-flat-in-early-asia-as-markets-eye-saudi-trump
Forex - Dollar/Yen Quoted Flat In Early Asia As Markets Eye Saudi, Trump
Dollar flat vs yen in early Asia
Investing.com – Dollar/yen was quoted flat in early Asia on Monday with weekend news from Saudi Arabia eyed and President Donald Trump set for a week of meeting in Asia.
changed hands at 114.08 and was last quoted at 0.7651, down 0.80%. was last quoted at 1.1605 and was cited at 1.3077.
The Bank of Japan releases with remarks by Governor Haruhiko Kuroda expected later in the day. New Zealand reports .
In weekend news, Saudi Arabia’s King Salman bin AbdelAziz, announced the formation of a ‘supreme committee chaired by Crown Prince (Mohammed bin Salman) and Chairman of the Monitoring and Investigation Commission, Chairman of the National Anti-Corruption Authority, Chief of the General Audit Bureau, Attorney General and Head of State Security.
The move includes the reported detainment Prince Alwaleed bin Talal, whose Kingdom Holdings dropped 10% in trading on the Tadawul stock exchange on Sunday.
The White House statement said Sunday that Trump and Salman held a phone call discussing counter terrorism efforts, “the continuing threat of Iranian-backed Houthi militias in Yemen” and Saudi Arabia’s interception of a missile fired from Yemen at its capital, Riyadh but the white house said nothing about whether the arrests were discussed.
Trump said he expects to meet with Russian President Vladimir Putin when the two world leaders cross paths in Southeast Asia. Trump said pressure on North Korea was the priority during his first official visit to the region.
In the week ahead, investors will continue to monitor the progress of the U.S. tax reform bill in what will be relatively quiet week for economic data. China is to release data on trade and inflation while monetary policy announcements from the Reserve Bank of Australia and the Reserve Bank of New Zealand are also be on the agenda.
The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted up 0.22% at 94.83.
Last week, the dollar reversed losses on Friday after the release of U.S. factory orders and service sector data that saw investors look past a weaker than expected jobs report for October.
The dollar turned positive after U.S. factory orders and ISM non-manufacturing PMI data.
The Institute for Supply Management reported that its non-manufacturing purchasing managers’ index rose to its highest level since 2005.
Another report showed that new orders for U.S.made goods rose for the second straight month in September and orders for core capital goods rose more than expected.
The dollar had earlier fallen to its lows of the day after the release of October U.S. nonfarm payrolls, which came in below expectations.
The U.S. economy added 261,000 jobs in October, the Labor Department said, falling short of forecasts for 315,000 new jobs. The unemployment rate ticked down to 4.1%, its lowest level since December 2000.
Some investors believe the data was distorted by the effects of recent hurricanes in the U.S. Investors were also focused on the proposed tax overhaul outlined by Republican lawmakers on Thursday.
Some traders believe tax reforms could bolster growth, adding pressure on the Federal Reserve to raise interest rates, known as the “Trumpflation” trade.
Meanwhile, sterling nudged higher, with GBP/USD rising 0.13% to 1.3076, one day after posting the largest one-day decline since the June 2016 Brexit vote after the Bank of England raised interest rates for the first time in more than a decade but said it sees only gradual rises ahead.
Read More https://worldwide-finance.net/news/commodities-futures-news/forex-dollaryen-quoted-flat-in-early-asia-as-markets-eye-saudi-trump
0 notes
Text
Forex - Dollar/Yen Quoted Flat In Early Asia As Markets Eye Saudi, Trump
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/forex-dollaryen-quoted-flat-in-early-asia-as-markets-eye-saudi-trump
Forex - Dollar/Yen Quoted Flat In Early Asia As Markets Eye Saudi, Trump
Dollar flat vs yen in early Asia
Investing.com – Dollar/yen was quoted flat in early Asia on Monday with weekend news from Saudi Arabia eyed and President Donald Trump set for a week of meeting in Asia.
changed hands at 114.08 and was last quoted at 0.7651, down 0.80%. was last quoted at 1.1605 and was cited at 1.3077.
The Bank of Japan releases with remarks by Governor Haruhiko Kuroda expected later in the day. New Zealand reports .
In weekend news, Saudi Arabia’s King Salman bin AbdelAziz, announced the formation of a ‘supreme committee chaired by Crown Prince (Mohammed bin Salman) and Chairman of the Monitoring and Investigation Commission, Chairman of the National Anti-Corruption Authority, Chief of the General Audit Bureau, Attorney General and Head of State Security.
The move includes the reported detainment Prince Alwaleed bin Talal, whose Kingdom Holdings dropped 10% in trading on the Tadawul stock exchange on Sunday.
The White House statement said Sunday that Trump and Salman held a phone call discussing counter terrorism efforts, “the continuing threat of Iranian-backed Houthi militias in Yemen” and Saudi Arabia’s interception of a missile fired from Yemen at its capital, Riyadh but the white house said nothing about whether the arrests were discussed.
Trump said he expects to meet with Russian President Vladimir Putin when the two world leaders cross paths in Southeast Asia. Trump said pressure on North Korea was the priority during his first official visit to the region.
In the week ahead, investors will continue to monitor the progress of the U.S. tax reform bill in what will be relatively quiet week for economic data. China is to release data on trade and inflation while monetary policy announcements from the Reserve Bank of Australia and the Reserve Bank of New Zealand are also be on the agenda.
The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted up 0.22% at 94.83.
Last week, the dollar reversed losses on Friday after the release of U.S. factory orders and service sector data that saw investors look past a weaker than expected jobs report for October.
The dollar turned positive after U.S. factory orders and ISM non-manufacturing PMI data.
The Institute for Supply Management reported that its non-manufacturing purchasing managers’ index rose to its highest level since 2005.
Another report showed that new orders for U.S.made goods rose for the second straight month in September and orders for core capital goods rose more than expected.
The dollar had earlier fallen to its lows of the day after the release of October U.S. nonfarm payrolls, which came in below expectations.
The U.S. economy added 261,000 jobs in October, the Labor Department said, falling short of forecasts for 315,000 new jobs. The unemployment rate ticked down to 4.1%, its lowest level since December 2000.
Some investors believe the data was distorted by the effects of recent hurricanes in the U.S. Investors were also focused on the proposed tax overhaul outlined by Republican lawmakers on Thursday.
Some traders believe tax reforms could bolster growth, adding pressure on the Federal Reserve to raise interest rates, known as the “Trumpflation” trade.
Meanwhile, sterling nudged higher, with GBP/USD rising 0.13% to 1.3076, one day after posting the largest one-day decline since the June 2016 Brexit vote after the Bank of England raised interest rates for the first time in more than a decade but said it sees only gradual rises ahead.
Read More https://worldwide-finance.net/news/commodities-futures-news/forex-dollaryen-quoted-flat-in-early-asia-as-markets-eye-saudi-trump
0 notes
Link
The Japanese Yen is expected to gain more strength going forward as reduced Japan economic growth would make a point for a stronger Japanese Yen that would give more purchasing power to Japanese Corporations and consumers, but mostly stock markets will have probably to confront a reversal and a correction for the equity Bull market, that anyway would make possible stronger buy flows into the Japanese Yen as a safe assets. The steady ask for Treasuries and Sovereign Bonds more broadly, from institutional investors and funds, should pose as a signal that stock markets are going toward a correction for Equities and stocks, taking into careful consideration that uncertainties around evolvement for the U.S. Governments, the open question mark of the UK Government and the economic downturn that will bring UK-EU negotiations, all in all would bring more money flows into the Japanese Yen, meaning a short positioning for the U.S Dollar, the Pound Sterling and also for the Euro. Long term positioning in USD\JPY should bring currencies traders going short toward the U.S.Dollar given the trend between USD\JPY, taking into account a possible correction in stock markets should macro economic data would weaken in the U.S. economy or Japanese economy doing relatively well. U.S. economic performances would not to be taken in isolation as continuous turmoil in the UK would be likely to dampen financial flows for U.S. financial firms, putting a cap on profit for U.S. Banks and U.S. financials. A big question mark for the U.S.Dollar going forward in Q3 and Q4 given uncertainty around the stability of the U.S. Government, with the Federal Reserve that has to consider signs of economic Recession in large emerging economies as South Africa, Brazil and rioting Venezuela, overall could require a weaker U.S. Dollar. The Federal Reserve could have to slow down the pace of Federal Fund rate increases for a variety of factors. The ECB message of lower for longer interest rates in the EuroZone well past the horizon of tapering for the ongoing ECB QE. The BoE will have to stay on full easing mode given the uncertainty and the clouds surrounding the UK economy, the BoJ is on self-driving QE for the Japanese economy, thereof if the Federal Reserve interest rate target would not be a much higher one, compared to past monetary policies, it is possible to figure out that the Federal Fund Rate optimum would be set around 2% to pair with an inflation anchoring in the economy around 2%. The pace of increases in the Federal Fund rate could be required to slow as U.S.Government uncertainties and possible economic spill over effect on Emerging markets economy would risk to dampen economic growth on a larger scale, although the U.S. economy has been outperforming. USD\JPY 110.40 +0.46%
USD\JPY on a downward trajectory trend in the oncoming Q3 and Q4 could be moving down to USD\JPY 100 that would equate the IKH A-B support. with a -9.15% short movement, There is a possible downward move for the U.S. Dollar given the 5-10-21 Moving Average are a Sell.
The log daily chart for USD\JPY gives the bear trend for the U.S. Dollar that moves below the
IKH A-B, given the recent buy support for the GreenBack. There are downside moves about -1.0% short going toward USD\JPY 109.25 and -1.8% short going toward USD\JPY 108.5
Trading technical data are Bearish, in the Dollar ask, Stochastic(9,6) 38.43 SELL, RSI(14) 46.35 Neutral, MACD(12,26) -0.330 SELL, ROC -0.771 SELL, 21-55-100-200 Days Moving Average Sell.
0 notes
Text
TBG Top 5 Gaming Headlines of the Week
TBG Top 5 Gaming Headlines of the Week
Join host DollarYen for a look at the weeks top 5 gaming news headlines. This episode features: Apex Legends Squadrons SKATE Next-gen And more! Check back soon for more content and catch us on our other social platforms.
View On WordPress
0 notes
Link
The Japanese economy has been consistently improving, data also from the Balance of payment registered another straight quarter of improving economic activities hence Japan trade balance has returned to a surplus, although the coming week will give out an important series of economic data for Japan and globally, that will give a clear picture.
For the Japanese Yen there could be on the way further U.S. Dollar strength before, the Nipponic currency could take strength, much would of course depend on how the BoJ will evaluate the exchange rate level impact of the ¥en on the Trade Balance.
U$D\JP¥ 115,09
Dollar\Yen chart takes on a log scale 2016 and Q1 2017, it's possible to notice the ¥en strength trend
that has exchanged USD\Yen 100 in Q3 2016, then the U.S. Dollar rally has naturally broken the trend. In this chart, it's important to observe two indicators the Stochastic(20,3,3) and the IKH Cloud, where the Stochastic(20,3,3) has a D=21.01 and a K=29.02, meaning the U.S. Dollar is oversold in this case. The IKH Cloud is a Japanese created indicator, then USD\JPY 115.55 should become the next pivot level with the Cloud Span A 116.35, meaning that the IKH Cloud provides the technical support level for the trend to find its upside, about 3% up to USD\JPY 118.05. Very important to bear in mind that the IKH Cloud turning line has a USD\JPY 114.09, therefore if the currency market sell and the USD\JPY crossover goes around that value, it would signal a trend reversal.
Anyway, the chart and technical data would suggest a modest short cover buy, before a double top pattern would be reversed in more Yen strenght. For Moving Averages, the 100-200 Days moving average are a straight Buy, the 55 Days is a Buy although the 21 Days WMA has crossed the
55 Days in a Bear signal that could mean a reversal will come after the short cover upside.
Technical data with RSI(14) 51,52 Neutral, MACD (12,26) -0,44 Oversold.
0 notes
Text
TBG Top 5 Gaming Headlines of the Week
TBG Top 5 Gaming Headlines of the Week
Join host DollarYen for a look at the weeks top 5 gaming news headlines. This episode features: PlayStation 5 reveal A new Spider-Man! Destiny 2 PSO 2 And more! Check back soon for more content and catch us on our other social platforms.
View On WordPress
0 notes
Text
Dollar/yen off five-month low but U.S.-Japan trade issues limit rise
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/dollaryen-off-five-month-low-but-u-s-japan-trade-issues-limit-rise
Dollar/yen off five-month low but U.S.-Japan trade issues limit rise
© Reuters. Light is cast on U.S. one-hundred dollar bill next to Japanese 10,000 yen note
By Shinichi Saoshiro
TOKYO (Reuters) – The dollar pulled away from five-month lows versus the yen on Tuesday, with comments from U.S. Treasury Secretary Steven Mnuchin and higher debt yields giving the bruised greenback some breathing space.
Still, the dollar was capped by nervousness about Tuesday’s economic dialogue between the United States and Japan. Lingering worries about North Korea and the coming French presidential elections also kept a lid on the dollar against the safe-haven yen.
Mnuchin told the Financial Times that he agreed with U.S. President Donald Trump’s view that the dollar’s strength in the short term was hurting exports, but that he saw the currency’s strength over the long term as a positive.
Mnuchin’s comments were seen countering those of the president, who last week said the dollar was too strong, sending it reeling.
The dollar added to overnight gains and was up 0.1 percent at 109.040 yen after rising briefly to 109.225. It had sunk to a five-month trough of 108.130 earlier on Monday on worries about tensions in the Korean Peninsula.
At the U.S.-Japan economic dialogue, there are concerns Washington could take a tough trade stance against Tokyo, which has been wary of Trump’s complaints that Japan and other countries have artificially weakened their currencies.
“For dollar/yen, the main focus will be on what kind of pressure the United States could apply on Japan as basically U.S. trade policy is linked with a policy for a weaker dollar,” said Junichi Ishikawa, senior forex strategist at IG Securities in Tokyo.
“The yen cannot simply continue weakening along with higher stocks under such conditions,” he said.
Washington’s standoff with Pyongyang was seen adding a new dimension to U.S.-Japan economic talks, as the United States has sought support from China in confronting North Korea.
“Trump appears to have made a concession regarding China, a key player in the North Korean situation,” said Makoto Noji, senior strategist at SMBC Nikko Securities, referring to last week’s U.S. Treasury’s semi-annual currency report in which the Trump administration backed away from a key campaign promise and did not label China a currency manipulator.
“But at the same time, for the sake of his supporters, Trump has to stick with his pledge to tackle trade imbalances, and this raises the risk of his administration getting tough with Japan,” Noji said.
The , measuring it against a basket of major currencies, was flat at 100.290 () after popping up to 100.400 earlier in the session.
The euro was a shade higher at $1.0652 , having seen limited movement on Monday when many European markets were shut for the Easter holiday.
The Australian dollar dipped 0.3 percent to $0.7566 . The nudged up above $0.7600 to a two-week high on Monday on upbeat Chinese growth data. However, weaker prices of iron ore, Australia’s key export, have prevented the currency from staying above that threshold.
Treasury yields rose from five-month lows on Monday as Wall Street shares gained, reducing demand for safe-haven debt. [US/]
Read More https://worldwide-finance.net/news/commodities-futures-news/dollaryen-off-five-month-low-but-u-s-japan-trade-issues-limit-rise
0 notes
Text
Dollar/yen off five-month low but U.S.-Japan trade issues limit rise
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/dollaryen-off-five-month-low-but-u-s-japan-trade-issues-limit-rise
Dollar/yen off five-month low but U.S.-Japan trade issues limit rise
© Reuters. Light is cast on U.S. one-hundred dollar bill next to Japanese 10,000 yen note
By Shinichi Saoshiro
TOKYO (Reuters) – The dollar pulled away from five-month lows versus the yen on Tuesday, with comments from U.S. Treasury Secretary Steven Mnuchin and higher debt yields giving the bruised greenback some breathing space.
Still, the dollar was capped by nervousness about Tuesday’s economic dialogue between the United States and Japan. Lingering worries about North Korea and the coming French presidential elections also kept a lid on the dollar against the safe-haven yen.
Mnuchin told the Financial Times that he agreed with U.S. President Donald Trump’s view that the dollar’s strength in the short term was hurting exports, but that he saw the currency’s strength over the long term as a positive.
Mnuchin’s comments were seen countering those of the president, who last week said the dollar was too strong, sending it reeling.
The dollar added to overnight gains and was up 0.1 percent at 109.040 yen after rising briefly to 109.225. It had sunk to a five-month trough of 108.130 earlier on Monday on worries about tensions in the Korean Peninsula.
At the U.S.-Japan economic dialogue, there are concerns Washington could take a tough trade stance against Tokyo, which has been wary of Trump’s complaints that Japan and other countries have artificially weakened their currencies.
“For dollar/yen, the main focus will be on what kind of pressure the United States could apply on Japan as basically U.S. trade policy is linked with a policy for a weaker dollar,” said Junichi Ishikawa, senior forex strategist at IG Securities in Tokyo.
“The yen cannot simply continue weakening along with higher stocks under such conditions,” he said.
Washington’s standoff with Pyongyang was seen adding a new dimension to U.S.-Japan economic talks, as the United States has sought support from China in confronting North Korea.
“Trump appears to have made a concession regarding China, a key player in the North Korean situation,” said Makoto Noji, senior strategist at SMBC Nikko Securities, referring to last week’s U.S. Treasury’s semi-annual currency report in which the Trump administration backed away from a key campaign promise and did not label China a currency manipulator.
“But at the same time, for the sake of his supporters, Trump has to stick with his pledge to tackle trade imbalances, and this raises the risk of his administration getting tough with Japan,” Noji said.
The , measuring it against a basket of major currencies, was flat at 100.290 () after popping up to 100.400 earlier in the session.
The euro was a shade higher at $1.0652 , having seen limited movement on Monday when many European markets were shut for the Easter holiday.
The Australian dollar dipped 0.3 percent to $0.7566 . The nudged up above $0.7600 to a two-week high on Monday on upbeat Chinese growth data. However, weaker prices of iron ore, Australia’s key export, have prevented the currency from staying above that threshold.
Treasury yields rose from five-month lows on Monday as Wall Street shares gained, reducing demand for safe-haven debt. [US/]
Read More https://worldwide-finance.net/news/commodities-futures-news/dollaryen-off-five-month-low-but-u-s-japan-trade-issues-limit-rise
0 notes
Text
Dollar/yen off five-month low but U.S.-Japan trade issues limit rise
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/dollaryen-off-five-month-low-but-u-s-japan-trade-issues-limit-rise
Dollar/yen off five-month low but U.S.-Japan trade issues limit rise
© Reuters. Light is cast on U.S. one-hundred dollar bill next to Japanese 10,000 yen note
By Shinichi Saoshiro
TOKYO (Reuters) – The dollar pulled away from five-month lows versus the yen on Tuesday, with comments from U.S. Treasury Secretary Steven Mnuchin and higher debt yields giving the bruised greenback some breathing space.
Still, the dollar was capped by nervousness about Tuesday’s economic dialogue between the United States and Japan. Lingering worries about North Korea and the coming French presidential elections also kept a lid on the dollar against the safe-haven yen.
Mnuchin told the Financial Times that he agreed with U.S. President Donald Trump’s view that the dollar’s strength in the short term was hurting exports, but that he saw the currency’s strength over the long term as a positive.
Mnuchin’s comments were seen countering those of the president, who last week said the dollar was too strong, sending it reeling.
The dollar added to overnight gains and was up 0.1 percent at 109.040 yen after rising briefly to 109.225. It had sunk to a five-month trough of 108.130 earlier on Monday on worries about tensions in the Korean Peninsula.
At the U.S.-Japan economic dialogue, there are concerns Washington could take a tough trade stance against Tokyo, which has been wary of Trump’s complaints that Japan and other countries have artificially weakened their currencies.
“For dollar/yen, the main focus will be on what kind of pressure the United States could apply on Japan as basically U.S. trade policy is linked with a policy for a weaker dollar,” said Junichi Ishikawa, senior forex strategist at IG Securities in Tokyo.
“The yen cannot simply continue weakening along with higher stocks under such conditions,” he said.
Washington’s standoff with Pyongyang was seen adding a new dimension to U.S.-Japan economic talks, as the United States has sought support from China in confronting North Korea.
“Trump appears to have made a concession regarding China, a key player in the North Korean situation,” said Makoto Noji, senior strategist at SMBC Nikko Securities, referring to last week’s U.S. Treasury’s semi-annual currency report in which the Trump administration backed away from a key campaign promise and did not label China a currency manipulator.
“But at the same time, for the sake of his supporters, Trump has to stick with his pledge to tackle trade imbalances, and this raises the risk of his administration getting tough with Japan,” Noji said.
The , measuring it against a basket of major currencies, was flat at 100.290 () after popping up to 100.400 earlier in the session.
The euro was a shade higher at $1.0652 , having seen limited movement on Monday when many European markets were shut for the Easter holiday.
The Australian dollar dipped 0.3 percent to $0.7566 . The nudged up above $0.7600 to a two-week high on Monday on upbeat Chinese growth data. However, weaker prices of iron ore, Australia’s key export, have prevented the currency from staying above that threshold.
Treasury yields rose from five-month lows on Monday as Wall Street shares gained, reducing demand for safe-haven debt. [US/]
Read More https://worldwide-finance.net/news/commodities-futures-news/dollaryen-off-five-month-low-but-u-s-japan-trade-issues-limit-rise
0 notes