USDJPY: The USD weakened without the catalyst of important econo
In the foreign exchange market, the U.S. dollar weakened, closing at the day's low, extending Tuesday's losses. Data: October building permit applications were higher than expected, but did not provide much support for the dollar. Sterling fell by nearly 40 pips following October's retail sales data, but then rebounded sharply as the US dollar weakened. The yen led the rise among major currencies at the close of trading.
Comment:
Market summary for the first half of the Asian session: USD continues to weaken
The USD continued to decline during the trading session. USD/JPY initially traded around 150.00 before falling to near 148.850.
The USD continued to decline during the trading session. USD/JPY initially traded around 150.00 before falling to near 148.850.
Comment:
The US dollar increased slightly after a decline in recent days, helping the USD/JPY pair increase 0.4% on the day to 148.90.
Things seem to be gradually stabilizing as the Asian session nears its end.
Things seem to be gradually stabilizing as the Asian session nears its end.
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