USD/JPY resumes rebound from five-week trough

Economies.com
2020-10-26 06:18AM UTC

USD/JPY tilted higher in Asian trade off September 21 lows following earlier data from Japan and ahead of US data today. 

 

As of 07:05 GMT, USD/JPY rose 0.11% to 104.88, with an intraday high at 104.93. 

 

Earlier Japanese data showed services prices rose 3.1% in September, up from 1.1% in August. 

 

From the US, new home sales are expected up 2.8% to 1.025 million units in September. 

 

Chances of US Covid relief passing before the November elections evaporated as talks stall. 

 

Otherwise, the US reported a new record Covid 19 daily infection rate, with Vice President Mike Pence reporting a positive Covid result. 

 

The World Health Organization reported 42.5 million global Covid 19 cases so far with the death toll standing at 1.147 million. 

Forex and Currency News

EUR/USD news

Forex

Euro declines to five-week trough amid thin trading
2024-03-29 08:19AM UTC
Euro Decline Amid Holiday Thin Trading Euro declined in European trade on Friday against a basket ...
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 Technical Analysis

Technical Analysis

Forex

The NZDCAD moves to the bearish track – Forecast today – 29-3-2024
2024-03-29 06:18AM UTC
NZDCAD Pair Forecast for Today - 29-3-2024 The NZDCAD pair surrendered to the negative ...
EUR JPY Analysis

Forex

The EURJPY declines below the support – Forecast today – 29-3-2024
2024-03-29 06:13AM UTC
EURJPY Pair Forecast for Today - 29-3-2024 The EURJPY pair surrendered to the negative ...
GBP JPY Analysis

Forex

The GBPJPY has to decline – Forecast today – 29-3-2024
2024-03-29 06:12AM UTC
GBPJPY Pair Forecast for Today - 29-3-2024 The GBPJPY pair still confined with many negative ...