USD/JPY fades back towards 108.00, but risk-off mood remains
Thursday, 3 January 2019 07:58 WIB | CURRENCIES |Dolar YenUSD/JPY,

USD/JPY is currently churning near 107.75 as markets slowly fade the day's early drop on refreshed global risk aversion, fueled by a disappointing Apple earnings forecast. Investors fearing a steepening global economic contraction were spooked by Apple's reduction of first quarter profits expectations, citing China's lagging growth.

The Dollar-Yen pairing tumbled some 420 pips from the beginning of the overnight session to a low of 104.70, where fade action bounced the pair back to between 107.50 and 108.00, where USD/JPY looks set to continue churning as roiled markets collect themselves and take stock, though broadly bearish market sentiment is unlikely to see the pair make a full recovery unless the Pacific-Asia market session sees a full revival of risk appetite.

FXstreet

RELATED NEWS

Dollar nurses losses as hopes for trade deal fade
Tuesday, 19 November 2019 08:08 WIB

The dollar nursed losses against major currencies on Tuesday as receding hopes for a preliminary trade deal between the United States and China hurt demand for the greenback. There have been high expectations that the United States and China would sign a so-called œphase one deal some time thi...

U.S. Dollar Falls as Trade Deal Uncertainty Spreads
Monday, 18 November 2019 23:27 WIB

The U.S. dollar fell on Monday after CNBC reported that Chinese officials are pessimistic that a trade deal will be signed. The report, which cited government sources, said the bleak outlook was due to U.S. President Donald Trump™s reluctance to roll back tariffs. China has been pushing for the t...

Dollar Hits 1-Week Low as Trade Developments Awaited
Monday, 18 November 2019 15:39 WIB

The dollar slid to one- week lows against a currency basket on Monday, as traders awaited fresh indications on whether the U.S. and China are moving closer to a deal to end their trade war which has roiled financial markets and acted as a drag on global growth. The U.S. dollar index edged down 0.11...

Pound Rises as Conservatives Pledge to Back Brexit: Inside G-10
Monday, 18 November 2019 09:58 WIB

The pound strengthened against all its Group-of-10 peers after U.K. Prime Minister Boris Johnson said Conservative candidates pledged to vote for his Brexit deal if he wins the Dec. 12 election. GBP/USD climbed to a two-week high. Johnson will try to winbusiness leaders to his side M...

Euro Recovery Odds Seen Rising on Signs of Stabilizing Economy
Friday, 15 November 2019 23:09 WIB

Investors awaiting signs whether the euro is ready to stage a comeback will be closely watching next week™s regional manufacturing report. The preliminary data, due next Friday, will help investors bet whether Europe is heading for a more robust recovery, or conclude that recent positive signals ...

ANOTHER NEWS
North Korea Says It Doesn't Want to Talk to US
Tuesday, 19 November 2019 11:04 WIB North Korea said Monday that while it views the U.S. decision to postpone joint military drills with South Korea as "positive," the adoption of a U.N. resolution criticizing the North's human rights record has soured its desire to have...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.