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USD/JPY gaps down after Tokyo election results

edlivre Posted 3 July  in #Trader's blog #Usdjpy #Dukascopy #Forex Daily #Tokyo #Forex News
USD/JPY has suffered a slight setback in the early hours of Monday trade, with the exchange rate reaching a session low of 112.10 from 112.42 NY close last Friday, before an attempt to recover its footing and fill the gap, last at 112.30.
Double-whammy for Yen crosses
The twofold drivers behind the tentative strength in the Japanese Yen in early Asia are, firstly, …
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USD/JPY Extends Breakout on Dollar Comeback, Struggling Safe-Havens

edlivre Posted 10 May  in #Trader's blog #Usdjpy #Dukascopy #Trader Contest #Forex Daily #Tradercontest #Forex Market #Forex News #Tradersblog
With French election risk in the rear-view mirror and earnings-driven US stocks (S&P 500, Nasdaq) having hit new record highs, a prolonged risk-on environment has further taken hold of major financial markets.
Of course, geopolitical and economic risks certainly remain prevalent, but markets within the past three weeks have seemingly brushed off many of those concerns. As a result, market volatility continues to decrease, pressuring assets perceived as safe-haven instruments, including gold and …
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