OctaFX | OctaFX Forex Broker
Open trading account

USD/JPY slides further, approaches 108.00

FXStreet (Córdoba) - USD/JPY broke below 108.35 and tumbled to 108.09, reaching the lowest price since last Thursday. The pair remains around daily lows, trading near 108.00.

As the yen strengths across the board after a negative opening for stocks in Wall Street and also as US Treasury bonds rise, Greenback is falling, making a bearsih correction for the second day in a row.

The area around 108.00 capped the decline last week. If the pair falls below 107.98 it would be trading at the lowest since September 17. Below the next support to consider could be located at 107.35/40 (september 12, 15 high).

EUR/USD assaulting 1.2650

The common currency is now attempting to regain the mid-1.2600s, lifting EUR/USD from the 1.2580/90 band...
Read more Previous

AUD/USD extends recovery to 12-day high

AUD/USD pushed higher and rose through the 0.8800 level to print fresh 12-day highs at the beginning of the New York session, as the dollar retreats across the board as the US yields are on the slide again.
Read more Next
Start livechat