Previous close | 153.9090 |
Open | 153.9150 |
Bid | 153.7180 |
Day's range | 153.0880 - 154.7380 |
52-week range | 140.2900 - 161.9420 |
Ask | 153.8000 |
The US dollar has had a rough week against the Japanese yen, but at this point in time, the market looks likely to recover, and I am watching the crucial 155 yen level for confirmation. The question now is whether we have seen a trend change, or if this represents
The US dollar continues to see an attempt to see a recovery, as the pair is recovering from a massive sell off. This is a market that I think could attempt to regain the overall trend that we have seen.
The major indexes (^DJI, ^IXIC, ^GSPC) closed mixed Thursday as they try to recover from a three-day tech sell-off. This downturn was triggered by disappointing earnings reports from Tesla (TSLA) and Alphabet (GOOG, GOOGL), two of the "Magnificent Seven" tech giants. Yahoo Finance reporter Jared Blikre analyzes the day's top market trends, discussing the rotation into small-cap stocks and Japan's financial markets which appears to be going through a "capitulation." For more expert insight and the latest market action, click here to watch this full episode of Asking For A Trend. This post was written by Angel Smith