|Day's Range||65.008 - 65.017|
|52 Week Range||59.1950 - 80.6730|
The Australian dollar initially tried to rally during the trading session on Thursday but gave back the gains to show signs of extreme negativity. At this point, the 0.60 level is trying to offer support, but given enough time it looks as if we will probably break through there.
The US dollar has initially pulled back during the week but then shot straight up in the air to reach towards the ¥111 level. At this point, the market looks as if it is getting a bit of her stretched, and more volatility is probably the one thing you can count on.
Yesterday we looked closer on the situation on the Swiss Franc and today, we will analyze Japanese Yen. First, the JPY Index, which is showing first signs of a bullish sentiment.
2020 is so far a nightmare for the EURUSD. The pair is extending the losses and today, we are on the lowest levels since May 2017.
The Fourth Quarter has started in a traditionally volatile mode. Equities are down, Government Bonds and Gold are in demand and in the Forex market it is the Japanese Yen that is benefitting the most. What does the 20-day simple moving average tell us?
The Australian Dollar now has the dubious honour of being the worst-performing G10 currency so far this month, in the leadup to its federal elections on May 18.
Today, I have for you three pairs with Japanese Yen. This pair is considered as a safe haven asset, so in theory, should gain, when the sentiment on the market is bearish.
Global risk sentiment turned positive on Friday afternoon as mixed trade data from China eased concerns over slowing global growth. With investors back in the mood for riskier assets, the Japanese Yen which is considered as a safe-haven currency tumbled across the board.