Yen Gains Against US Dollar After Bank of Japan Holds Rates
6 Articles
6 Articles
Yen gains against US dollar after Bank of Japan holds rates
[NEW YORK/LONDON] The yen was on track for a third consecutive daily gain on Friday (Oct 30) after the Bank of Japan (BOJ) left rates unchanged and upgraded its inflation outlook, while declining US T... Read more at The Business Times.
The yen recorded gains for the third consecutive session yesterday, despite the decision of the Bank of Japan (BoJ) to keep its key interest rate unchanged, as it revised the outlook upwards… Further gains for the yen - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
U.S. Dollar Gains Ground Amid Sell-Off In U.S. Equity Markets: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
Retail Sales increased by +2.3% year-over-year in September, compared to analyst consensus of +3.3%. Industrial Production grew by +2.2%, while analysts expected that it would increase by +1.3%. The report did not have a material impact on market dynamics as traders have mostly focused on BoJ decision. Both Fed and BoJ decided to take a pause,
On the New York foreign exchange market on the 30th, the yen was trading at 1 dollar = 157.09-19 yen as of 8:40 a.m., 56 sen higher than the previous day. The euro was trading at 1 euro = 1.1178-1.1188 dollars and 175.69-175.79 yen.
USD/JPY Falls for Third Straight Day: Yen Supported by BoJ Decision - ActionForex
On the four-hour USD/JPY chart, the market formed an upward impulse towards 158.33, after which it corrected downwards towards support at 157.14. This level acts as a local pivot point and remains significant for the further development of the ascending structure. The current price is around 157.61. The main scenario envisages further growth towards resistance at 158.03. A break above this level would open the way to 158.94, with the main target…
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