Tag Archives: Yen.

Euro211

19 Sept: US$ at 6 year highs against the Yen. More to come next week?

19 Sept: US$ at 6 year highs against the Yen. More to come next week?

The dollar has retreated a little after yesterdays strong rally but reached a 6 year high against the Yen. While the overall trend has further to go, today could be one of consolidation in the absence of any major data, which would allow the short term indicators to unwind their overbought condition. The commodity bloc look
Euro171

9 Sept: US$ makes further gains, hitting a 6 year high against the Yen. Commodity bloc lower.

The dollar was strong again today assisted by a report, indicating that investors are underestimating how quickly rates will rise once the Fed begins hiking. Cable was unable to pick itself off the flow following the weekend poll on the Scotland independence vote. Commodity currencies reversed lower, pressured by the stronger US$ and weaker commodity prices.
Top