FX SIGNALS – Yen near 7 month high

FX SIGNALS – SINGAPORE (Reuters) – The dollar drifted above multi-month lows on Tuesday, while the yen was perched near seven-month highs as investors held their breath for a potential policy shift at the Bank of Japan.

The euro, which reached a nine-month high on Monday at $1.0874, was last loitering around $1.0825. The yen hit a top of 127.22 per dollar during Asia hours on Monday, before steadying around 128.69 on Tuesday.


Elsewhere, the U.S. dollar index has bounced from a seven-month low of 101.77 made a day ago and held at 102.30. Sterling touched its highest since mid-December at $1.2288 before easing back to $1.2195 in Asia trade.

Dollar finds footing as looming data

There was not a great deal of currency market reaction to far stronger-than-expected Chinese growth data.

The Australian dollar, which hit a five-month high just above $0.70 on Monday and wobbled around $0.6976. The New Zealand dollar held at $0.6402.

Bitcoin, which has been on a tear in recent days, steadied above $20,000 and last bought $21,154.

FX SIGNALS – Yen near 7 month high

These are the three most traded currencies beside the US dollar. Minor pairs have a smaller market share compared to major pairs. Because of this they can exhibit lower market liquidity. Lower market liquidity will mean that a broker will give wider dealing forex spreads.

Forex Signals Telegram SignalsBrowse our Forex Signals Learning Guides, to help you get started with trading. Grow your Learning knowledge on the capital markets. URL FxPremiere.com Forex News was Founded in 2010. Since then has grown with over 23,000 live subscribers globally. Daily Trading Alerts are sent by our VPS Networks worldwide via Telegram. CREATE YOUR OWN NFT TODAY!!

FX SIGNALS – Dollar wobbles after U.S. inflation data

FX SIGNALS – Yen near 7 month high