Tag - jpy - japanese yen

May 20: mixed moods
May 20: mixed moods

The market is mixed this Wednesday, with the AUD and the NZD tipping out on their recent bullish advances, oil consolidating at the local resistance level, and gold getting back to an upward trajectory.

Why do traders prefer Japanese yen?
Why do traders prefer Japanese yen?

You may not have noticed that but the Japanese yen rose every month this year. It grew more than other currencies of the Group-of-10 and became a top currency. How could it have beaten the powerful US dollar? Let’s see.

May 18: WTI oil is above $30
May 18: WTI oil is above $30

The week started with a poor data from Japan. Stocks rally, WTI oil price is above $30, gold is headed to 1800.

USD/JPY tested support
USD/JPY tested support

USD/JPY has returned below the 50-day MA as the market’s risk aversion increased. It seems that the market has formed an interim top.

May 13: what will Powell say?
May 13: what will Powell say?

Traders await the speech of the Fed's Chair Jerome Powell. The USD is under pressure. Watch the video to get the outlook for the major currencies today!

May 12: cautious market
May 12: cautious market

Investors are weighing in the potential of the second wave of the virus hit, the movement across the Forex market is relatively cautious.

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