FOREX TradingCharts.com

Forex News: Japanese Yen Lower Amid Improved Sentiment

Japanese Yen Lower Amid Improved Sentiment

11/18/2021 - 07:48:00 (RTTNews)

(RTTNews) - The Japanese yen weakened against its major rivals in the European session on Thursday amid safe-haven status, as investors took inflation concerns in their stride.

Strong earnings and indications of central banks adopting a patient approach to inflationary pressures supported the mood.

News that the Japanese government is planning to approve a larger stimulus package than market estimates cheered investors. The government is set to approve the package worth 55.7 trillion yen to mitigate the impact of the coronavirus pandemic.

Widening interest rate differentials between treasuries and JGBs also contributed to a sell-off in the currency.

While the Fed is forecast to raise rates by next year, the BOJ is seen maintaining its accommodative stance to support economic growth.

The yen dropped to 123.24 against the franc, 129.57 against the euro and 154.27 against the pound, off its early highs of 122.78 and 129.05 and a 2-day high of 153.71, respectively. If the yen extends decline, 126.00, 132.00 and 157.00 are possibly seen as its next support levels against the franc, the euro and the pound, respectively.

The yen retreated to 80.53 against the kiwi, 90.66 against the loonie and 83.26 against the aussie, following its prior session's high of 79.75, more than 5-week highs of 90.23 and 82.68, respectively. The yen is seen finding support around 82.00 against the kiwi, 92.00 against the loonie and 86.00 against the aussie.

The yen remained lower at 114.23 against the greenback, after rising to a 3-day high of 113.88 in the Asian session. At yesterday's close, the pair was worth 114.08.

Looking ahead, U.S. weekly jobless claims for the week ended November 13 and leading index for October will be published in the New York session.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Dollar Little Changed After U.S. Weekly Jobless Claims (33 min(s), 18 sec(s) ago)
(RTTNews) - The U.S. weekly jobless claims for the week ended December 4 have been released at 8:3 ...Full Story»

Dollar Mixed Ahead Of U.S. Weekly Jobless Claims (42 min(s), 19 sec(s) ago)
(RTTNews) - The U.S. weekly jobless claims for the week ended December 4 are due at 8:30 am ET Thu ...Full Story»

Euro Drops As ECB Policymakers Reportedly Mulling APP Increase (01 hr(s), 15 min(s), 19 sec(s) ago)
(RTTNews) - The euro fell against its major opponents in the European session on Thursday, followi ...Full Story»

Australian Dollar Advances On Improved Risk Sentiment (06 hr(s), 45 min(s), 19 sec(s) ago)
(RTTNews) - The Australian dollar firmed against its major counterparts in the Asian session on Th ...Full Story»

Pound Falls In Cautious Trade (01 hr(s), 09 min(s), 18 sec(s) ago)
(RTTNews) - The pound weakened against its major counterparts in the European session on Wednesday ...Full Story»

Australian, NZ Dollars Higher Amid Omicron Optimism (06 hr(s), 06 min(s), 19 sec(s) ago)
(RTTNews) - The Australian and NZ dollars firmed against their most major counterparts in the Asia ...Full Story»

Indian Rupee Declines To Near 2-month Low Against U.S. Dollar After RBI Decision (08 hr(s), 12 min(s), 19 sec(s) ago)
(RTTNews) - The Indian rupee lost ground against the U.S. dollar in late morning deals on Wednesda ...Full Story»

Euro Little Changed After German ZEW Economic Sentiment Index (04 hr(s), 03 min(s), 19 sec(s) ago)
(RTTNews) - German ZEW economic sentiment index for December, Eurozone GDP and employment data for ...Full Story»

Search

FOREX NEWS

Dollar Little Changed After U.S. Weekly Jobless Claims

12/09/2021 - 08:33 AM (RTTNews)
(RTTNews) - The U.S. weekly jobless claims for the week ended December 4 have been released at 8:3 ...Full Story>>

Dollar Mixed Ahead Of U.S. Weekly Jobless Claims

12/09/2021 - 08:26 AM (RTTNews)
(RTTNews) - The U.S. weekly jobless claims for the week ended December 4 are due at 8:30 am ET Thu ...Full Story>>

Euro Drops As ECB Policymakers Reportedly Mulling APP Increase

12/09/2021 - 07:51 AM (RTTNews)
(RTTNews) - The euro fell against its major opponents in the European session on Thursday, followi ...Full Story>>

Australian Dollar Advances On Improved Risk Sentiment

12/09/2021 - 02:22 AM (RTTNews)
(RTTNews) - The Australian dollar firmed against its major counterparts in the Asian session on Th ...Full Story>>

Pound Falls In Cautious Trade

12/08/2021 - 07:58 AM (RTTNews)
(RTTNews) - The pound weakened against its major counterparts in the European session on Wednesday ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.