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The USD/JPY has reached a new high of ¥107.67, the highest since February 27th. The safe-haven yen is sold-off on an improving market mood, and the US Dollar also has reasons to rise. The technical picture shows the pair is gaining momentum. The USD/JPY is trading above ¥107.50 after having reached a high of ¥107.67. The upside [...]
The post 5 reasons for the ascent of USD/JPY appeared first on Forex Crunch.
The AUD/USD is taking advantage of the positive atmosphere and rising to the highest levels in nearly a month. The “death cross” pattern is a bearish technical sign, but other indicators point higher. The AUD/USD is trading just above A$0.7800, the highest since March 15th. The better mood in the markets is boosting the Australian [...]
The post AUD/USD is marching higher and does not care about the death cross appeared first on Forex Crunch.
The EUR/USD is marginally higher on the day, not entirely taking advantage of the risk-on sentiment. Worries about growth counter hopes for better outcomes on trade and Syria counter. The technical picture is fairly balanced for the pair. The EUR/USD is trading around $1.2330, a few pips higher on the day. The mood in markets [...]
The post Friday the 13th is not the euro’s lucky day appeared first on Forex Crunch.