|Day's Range||74.778 - 75.277|
|52 Week Range||59.1950 - 76.7432|
The US dollar continues to go back and forth against the Japanese yen during the trading session on Monday, looking very much like it wants to go towards the bottom of the recent range on Tuesday. That being the case, the market still looks very neutral.
The US dollar has gone back and forth during the trading session on Thursday, as the Federal Reserve has announced a massive liquidity measures to buy just about everything that isn’t nailed to the floor.
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.