Previous close | 153.8580 |
Open | 153.8590 |
Bid | 154.5270 |
Day's range | 153.8460 - 154.6500 |
52-week range | 133.7520 - 159.9610 |
Ask | 154.5370 |
The USD continues to show signs of volatility against the yen, but more importantly – strength. Although we have seen some central bank actions, at the same time – interest rate differential continues to be important.
The USD has fallen hard during the week and is now testing a major support region. This is a move mainly driven by the Bank of Japan intervention that has happened. However, there is a major list of reasons to think this trend will continues eventually.
The Non-Farm Payroll announcement came out lower than expected, as the markets continue to jump back and forth due to the expectations of the interest rate decisions from Washington.