FOREX TradingCharts.com

Forex News: Yen Weakens Amid Risk Appetite

Yen Weakens Amid Risk Appetite

07/12/2018 - 06:33:00 (RTTNews)

(RTTNews) - The Japanese yen slipped against its major opponents in the early European session on Thursday, as European shares rose on expectations that the U.S. threats to expand tariff hikes is bluff and bluster and trade agreements will ultimately be reached.

Bloomberg reported late Wednesday that China and the U.S are showing some willingness to resume high-level trade talks, which could resolve the trade spat between the world's biggest economies.

Traders await consumer price inflation figures later in the day. This follows a day after strong producer inflation report boosted hopes for two more hikes by the Fed this year.

Oil steadied after going into free fall on Wednesday amid trade tensions and supply concerns, as Libya resumed production and Saudi Arabia reported a big jump in output for June.

The yen dropped to near a 2-month low of 148.66 against the pound, more than 5-month low of 112.46 against the greenback, 4-month low of 112.97 against the franc and more than a 2-month low of 131.39 against the euro, from its early highs of 147.79, 111.92, 112.35 and 130.67, respectively. The yen is likely to find support around 152.00 against the pound, 133.00 against the euro and 114.00 against both the greenback and the franc.

The yen declined to 85.24 against the loonie, its lowest since June 6. On the downside, 87.00 is likely seen as the next support level for the yen.

The yen fell to 2-day lows of 76.11 against the kiwi and 83.05 against the aussie, off its previous highs of 75.55 and 82.39, respectively. The next possible support for the yen is seen around 78.00 against the kiwi and 84.00 against the aussie.

Looking ahead, Canada new housing price index for May, U.S. weekly jobless claims for the week ended July 7, consumer prices and monthly budget statement for June are scheduled for release in the New York session.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Pound Drops As U.K. Inflation Rises Less Than Forecast (03 hr(s), 05 min(s), 23 sec(s) ago)
(RTTNews) - The pound fell sharply against its major counterparts in the European session on Wedne ...Full Story»

Euro Little Changed After Eurozone Final CPI (05 hr(s), 02 min(s), 22 sec(s) ago)
(RTTNews) - Eurozone final CPI for June and construction output for May have been released at 5:00 ...Full Story»

Euro Weakens Vs Most Majors Ahead Of Eurozone Final CPI (05 hr(s), 08 min(s), 23 sec(s) ago)
(RTTNews) - Eurozone final CPI for June and construction output for May are due at 5:00 am ET Wedn ...Full Story»

Pound Drops Further After U.K. CPI, PPI (05 hr(s), 32 min(s), 23 sec(s) ago)
(RTTNews) - The U.K. house price index for May, CPI and PPI for June have been released at 4:30 am ...Full Story»

Pound Falls Vs Most Majors Ahead Of U.K. CPI, PPI (05 hr(s), 41 min(s), 23 sec(s) ago)
(RTTNews) - The U.K. house price index for May, CPI and PPI for June are due at 4:30 am ET Wednesd ...Full Story»

U.S. Dollar Strengthens After Powell Reiterates Gradual Rate Hikes (06 hr(s), 20 min(s), 23 sec(s) ago)
(RTTNews) - The U.S. dollar climbed against its major counterparts in the Asian session on Wednesd ...Full Story»

Dollar Rising After Powell Testimony (21 min(s), 37 sec(s) ago)
(RTTNews) - After a weak start to the session, the dollar is gaining ground against its major riva ...Full Story»

Dollar Extends Gain Amid Powell's Testimony (45 min(s), 37 sec(s) ago)
(RTTNews) - The U.S. dollar continued to be higher against its major counterparts in the New York ...Full Story»

Search

FOREX NEWS

Pound Drops As U.K. Inflation Rises Less Than Forecast

07/18/2018 - 07:05 AM (RTTNews)
(RTTNews) - The pound fell sharply against its major counterparts in the European session on Wedne ...Full Story>>

Euro Little Changed After Eurozone Final CPI

07/18/2018 - 05:06 AM (RTTNews)
(RTTNews) - Eurozone final CPI for June and construction output for May have been released at 5:00 ...Full Story>>

Euro Weakens Vs Most Majors Ahead Of Eurozone Final CPI

07/18/2018 - 04:57 AM (RTTNews)
(RTTNews) - Eurozone final CPI for June and construction output for May are due at 5:00 am ET Wedn ...Full Story>>

Pound Drops Further After U.K. CPI, PPI

07/18/2018 - 04:36 AM (RTTNews)
(RTTNews) - The U.K. house price index for May, CPI and PPI for June have been released at 4:30 am ...Full Story>>

Pound Falls Vs Most Majors Ahead Of U.K. CPI, PPI

07/18/2018 - 04:29 AM (RTTNews)
(RTTNews) - The U.K. house price index for May, CPI and PPI for June are due at 4:30 am ET Wednesd ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.