USD/JPY: Kicking off the Tokyo session on the front foot, rallies > 20 pips
Friday, 18 January 2019 08:26 WIB | CURRENCIES |USDUSD/JPY,JPY,

USD/JPY started off the day overnight down at 108.68 and went on to score a NY session high of 109.40 following speculation that the Sino/US trade spat was about to be resolved due to headlines that Treasury Sec. Mnuchin was in favour of lifting the tariffs in a bid to calm markets and ease tensions with Beijing.

However, there were conflicting headlines reporting that the Treasury said there were no recommendations made on tariffs.  And then, coupled with heightened tensions over the arrest of Huaweii CFO Meng and China's retaliation two Canadians arrested as a consequence, risks are far more skewed towards prolonged trade wars than a finding a resolution to them anytime soon.

USD/JPY levels

Support levels: 108.65 108.30 107.90         

Resistance levels: 109.40 109.85 110.10

Source : Fxstreet

RELATED NEWS

Euro Tests Lows Ahead of Expected No-Confidence Vote in Italy
Tuesday, 20 August 2019 15:22 WIB

The dollar was little changed in early trading in Europe Wednesday but starting to build momentum against the euro at the start of a day where politics is likely to dominate economics. The euro was at $1.1079 by 3:30 AM ET (07:30 GMT) and looking to test last week™s low of $1.1066 ahead of a big ...

AUD/USD Clings to 0.6760/65 After RBA Minutes
Tuesday, 20 August 2019 09:15 WIB

The AUD/USD pair remains modestly changed at 0.6765 after the Reserve Bank of Australia (RBA) released minutes of its August 07 meeting on early Tuesday. Although the Aussie central bank left its monetary policy unchanged at the August meeting, policymakers have been flashing mixed signals since th...

Dollar Near Three-Week High as Thaw In Risk Aversion Lifts Yields
Tuesday, 20 August 2019 08:02 WIB

The dollar held near a three-week high on Tuesday, as expectations global economies would unleash fresh stimulus and an improvement in appetite for riskier assets lifted yields on U.S. government bonds. Yields on benchmark U.S. Treasuries pulled away from three-year lows as investors tip-toed back ...

Euro gains after biggest weekly drop in 6 weeks as risk appetite returns
Monday, 19 August 2019 15:13 WIB

The euro steadied on Monday after suffering its biggest weekly drop in nearly two months as risk appetite gradually returned to global markets after a week of turmoil. With hopes of fiscal stimulus from Germany growing and steps by China over the weekend to cut corporate lending costs pushing up eq...

US Dollar Index flat around 98.20, focus on trade, Jackson Hole
Monday, 19 August 2019 13:08 WIB

The Greenback, in terms of the US Dollar Index (DXY), is alternating gains with losses within a narrow range at the beginning of the week around the 98.20 region. The upside momentum in the index is losing some traction on Monday, although the Greenback manages well to keep business above the key b...

POPULAR NEWS
Tuesday, 20 August 2019 07:32
Tokyo Stocks Open Higher, Tracking US Rallies
Tuesday, 20 August 2019 09:42
Gold Firms Below $1,500 After Slide
Tuesday, 20 August 2019 16:15
US futures point to a slightly higher open
ANOTHER NEWS
Oil Steadies After Report Indicates Drawdown in U.S. Stockpiles
Wednesday, 21 August 2019 07:54 WIB Oil was steady in Asian trading after a private-sector report indicated that U.S. crude supplies had tightened in the past week. Futures in New York rose 3 cents, after clawing back losses in a volatile session on Tuesday. The market had...

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.