USD/JPY appears poised to retest its 2024 high of 161.96, bolstered by favorable U.S. election outcomes and expectations for continued dollar strength. Despite profit-taking, the
USD/JPY stabilized above its 200-day moving average at 151.57, rebounding slightly after an initial dip driven by softer U.S. Treasury yields. Trading volumes remained low
USD/JPY held within a narrow trading range of 152.78-153.505 on Tuesday, as yen bears remain cautious ahead of Thursday’s Bank of Japan (BOJ) policy meeting.
EUR/USD traded lower on Tuesday, falling to a 4-session low of 1.0769 despite U.S. JOLTS data indicating a slowdown in job growth. September’s JOLTS print
EUR/USD encountered resistance near 1.0839 after a brief rally during Friday’s New York session, ultimately turning negative and closing down at 1.0802. The pair was
EUR/USD attempted a recovery on Thursday, aided by cautious comments from ECB policymaker Joachim Nagel, who advised against premature rate cuts despite eurozone inflation nearing