USDJPY snaps a three-day winning streak early Monday even as markets lack momentum amid holidays in the US and the UK. In doing so, the Yen pair pares the previous weekly gains as mixed concerns about the Bank of Japan’s (BoJ) next move join a cautious mood ahead of this week’s key inflation clues from Japan and the US. It should be observed that the USDJPY...
USDJPY remains pressured towards 151.00 while keeping the previous day’s U-turn from a five-month-old horizontal resistance zone amid Monday’s sluggish Asian session. In doing so, the Yen pair justifies the RSI (14) line’s divergence with the latest high in prices. However, the bullish MACD signals and the quote’s successful trading above the...
The euro is almost unchanged on Friday. In the North American session, EUR/USD is trading at 1.2190, down 0.02% on the day. In Germany, Covid-19 cases have been declining in recent weeks, as the vaccine rollout has gathered steam. Some states have eased lockdown conditions and the reopening of the largest economy in the eurozone should continue in the coming...