Yen is the top-performing major currency as Asian tech and semiconductor stocks sell off sharply and China stimulus hopes fade. AUD/JPY has been rejected at the 111.04–111.19 resistance zone and broken below 110.37 support, suggesting its rebound from 108.62 may already be over, while USD/JPY’s 156.36 level holds the key to a broader bearish reversal.
The post Yen Rallies as Asian Stocks Tumble, AUD/JPY Rejected at Key Resistance appeared first on ActionForex.
The first time I played Grand Theft Auto, I had to sneak it. The game carried an adult rating because of its violence, so I played whenever nobody was looking. (Sorry, mom!) On Thursday, November Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal Getting out of bed on a Read more…
Swiss National Bank’s September monetary policy discussions highlighted how widening international interest-rate differentials and low exchange-rate volatility had increased the attractiveness of Swiss Franc as a “funding currency in carry trades.” Franc depreciated approximately 3% Read more…