USD/JPY climbs to near 9-month peak

Economies.com
2021-03-08 06:07AM UTC

USD/JPY tilted higher in Asian trade to near mid-2020 highs, following earlier data from Japan and ahead of US data later today.

 

As of 07:03 GMT, USD/JPY rose 0.08% to 108.38, with an intraday high at 108.49, and a low at 108.27. 

 

From Japan, current account surplus fell to 1.5 trillion yen from 2.08 trillion, while bank lending rose 6.2% last month.  

 

Japan's leading index rose to 99.1 from 95.3, while the current conditions index improved to 41.3 from 31.2. 

 

From the US, wholesale inventories are expected up 1.3% in January, while the Senate passed President Joe Biden's stimulus package valued at $1.9 trillion for the economy last weekend. 

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

EUR USD Analysis

Forex

End of day EURUSD price forecast update - 28-03-2024
2024-03-28 17:42PM UTC
The EURUSD price provided additional negative trades to reach the thresholds of the first waited ...
NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...