FOREX TradingCharts.com

Forex News: Yen Falls Amid Risk Appetite

Yen Falls Amid Risk Appetite

01/09/2019 - 02:47:00 (RTTNews)

(RTTNews) - The Japanese yen drifted lower against its key counterparts in the Asian session on Wednesday amid risk appetite, as investors awaited developments on the U.S.-China trade talks after negotiations between the world's two largest economies have been extended into an unscheduled third day today.

Investors became optimistic that the U.S. and China will reach a trade deal after U.S. President Donald Trump said that talks were going very well.

Ted McKinney, US under secretary of agriculture for trade and foreign agricultural affairs, said that the talks went fine but he didn't give further details.

Trump has set a March deadline to reach a deal, after which he will increase tariffs on Chinese imports.

The yen dropped to 109.00 against the greenback, from a high of 108.68 hit at 8:00 pm ET. If the yen falls further, 110.00 is likely seen as its next support level.

The yen declined to near a 3-week low of 82.40 against the loonie, 9-day low of 73.65 against the kiwi and near a 2-week low of 78.11 against the aussie, from its early highs of 81.86, 73.05 and 77.57, respectively. The yen is seen finding support around 84.5 against the loonie, 75.00 against the kiwi and 79.00 against the aussie.

Reversing from its early highs of 110.71 against the franc and 138.18 against the pound, the yen edged down to 111.08 and 138.86, respectively. The next likely support for the yen is seen around 113.00 against the franc and 140.5 against the pound.

The Japanese currency weakened to a session's low of 124.86 against the euro, off an early high of 124.36. On the downside, 126.00 is possibly seen as the next support level for the yen.

Looking ahead, Swiss CPI for December and Eurozone jobless rate for November are scheduled for release in the European session.

At 8:15 am ET, Canada housing starts for December are set for release.

In the New York session, U.S. advance goods trade data for December will be out.

The Bank of Canada announces its interest rate decision at 10:00 am ET. Economist widelyexpect the benchmark rate to remain unchanged at 1.75 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Canadian Dollar Strengthens After Upbeat Inflation Data (26 min(s), 57 sec(s) ago)
(RTTNews) - The Canadian dollar gained ground against its key counterparts in the European session ...Full Story»

Dollar Little Changed Following U.S. Industrial Production (05 min(s), 57 sec(s) ago)
(RTTNews) - After the release of U.S. industrial production for December at 9:15 am ET Friday, the ...Full Story»

Dollar Steady Ahead Of U.S. Industrial Production (56 min(s), 57 sec(s) ago)
(RTTNews) - The Federal Reserve will publish U.S. industrial production for December at 9:15 am ET ...Full Story»

Loonie Advances After Canada CPI (20 min(s), 57 sec(s) ago)
(RTTNews) - Following the release of Canada consumer inflation for December at 8:30 am ET Friday, ...Full Story»

Loonie Retreats Ahead Of Canada CPI (11 min(s), 57 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada will release Canada consumer inflation for Dec ...Full Story»

Pound Slides As UK Retail Sales Weakest Since May 2017 (56 min(s), 57 sec(s) ago)
(RTTNews) - The pound slipped against its major counterparts in the European session on Friday, as ...Full Story»

Pound Slightly Up Following U.K. Retail Sales (20 min(s), 57 sec(s) ago)
(RTTNews) - The Office for National Statistics has released U.K. retail sales for December at 4:30 ...Full Story»

Pound Falls Ahead Of U.K. Retail Sales (11 min(s), 57 sec(s) ago)
(RTTNews) - The Office for National Statistics will release U.K. retail sales for December at 4:30 ...Full Story»

Search

FOREX NEWS

Canadian Dollar Strengthens After Upbeat Inflation Data

01/18/2019 - 09:41 AM (RTTNews)
(RTTNews) - The Canadian dollar gained ground against its key counterparts in the European session ...Full Story>>

Dollar Little Changed Following U.S. Industrial Production

01/18/2019 - 09:18 AM (RTTNews)
(RTTNews) - After the release of U.S. industrial production for December at 9:15 am ET Friday, the ...Full Story>>

Dollar Steady Ahead Of U.S. Industrial Production

01/18/2019 - 09:10 AM (RTTNews)
(RTTNews) - The Federal Reserve will publish U.S. industrial production for December at 9:15 am ET ...Full Story>>

Loonie Advances After Canada CPI

01/18/2019 - 08:33 AM (RTTNews)
(RTTNews) - Following the release of Canada consumer inflation for December at 8:30 am ET Friday, ...Full Story>>

Loonie Retreats Ahead Of Canada CPI

01/18/2019 - 08:26 AM (RTTNews)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada will release Canada consumer inflation for Dec ...Full Story>>
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.