OctaFX | OctaFX Forex Broker
Open trading account

Flash: USD makes new low against JPY - BBH

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts note that the dollar made a new low against the yen, slipping to almost JPY100.20.

They feel that although they think that bulk of the yen's decline is well behind it, tactically, it may be worth selling. They write, “Good dollar bids have been seen on intra-day pullbacks. The USD/JPY 100.00 area was difficult to break on the way up and resistance is turning into support. We suspect that under political and economic pressure, the BOJ will continue trying to stabilize the JGB bond market.”

EUR/JPY inches lower to session lows at 130.32/34

The EUR/JPY has extended the downside Monday, moving towards fresh intraday lows at the 130.32/34 level at the time of writing.
Read more Previous

Official Chinese services and HSBC manufacturing PMIs drop in May - Nomura

Nomura economist Zhiwei Zhang notes that the official services PMI dropped to 54.3 in May from 54.5 in April.
Read more Next
Start livechat