The Japanese yen is almost unchanged on Friday, trading at the 135.00 line. Lower US yields boost yen The Japanese yen showed some strength yesterday, gaining around 1% against the dollar. The yen’s improvement was a mechanical response to lower US yields rather than any positive factors related to the yen. Higher US yields have […]
The post Japanese Yen’s Rally Takes Pause appeared first on Action Forex.
Daily Pivots: (S1) 215.14; (P) 215.47; (R1) 216.02; More… Intraday bias in GBP/JPY remains neutral and consolidations from 215.89 could extend. In case of another fall, downside should be contained by 213.29 resistance turned support Read more…
Daily Pivots: (S1) 186.53; (P) 186.71; (R1) 186.99; More… Intraday bias in EUR/JPY remains neutral for the moment and more consolidations would be seen first. In case of another fall, downside should be contained by Read more…
Daily Pivots: (S1) 0.8650; (P) 0.8668; (R1) 0.8678; More… Intraday bias in EUR/GBP remains neutral and further fall is expected with 0.8685 support turned resistance intact. On the downside, below 0.8652 will resume the fall Read more…