159.353
Today
-0.03%
5 Days
+1.03%
1 Month
-1.46%
6 Months
+4.34%
Year to Date
+1.69%
1 Year
+7.79%
Opening Price
159.389Previous Closing Price
159.406The Dollar has spent Wednesday grinding higher against the Yen with no headline to carry it, trading near 159.50 after a low just beneath 158.60 and a gain of under a tenth of a percent.
USD/JPY is back around the mid-159.00s area, testing the day's highs after rebounding sharply from a low around the 158.60 level.
The Japanese Yen trims its gains against the US Dollar (USD) on Wednesday as in-line US CPI data fails to trigger a significant move. At the time of writing, USD/JPY trades around 159.20 after touching an intraday low of 158.58.
BNY’s Wee Khoon Chong highlights that institutional investors bought Dollar and sold Japanese Yen after the June BoJ hike, and again following late-July joint intervention to weaken USD/JPY. Despite official action, real money treated the move as a USD/JPY buying opportunity.
The Japanese Yen (JPY) continues to navigate complex market dynamics, consolidating near the 159.25 level against the US Dollar (USD) following a sharp upward push.
The Japanese Yen (JPY) is one of the best performers in an unusually low-volatility market on Wednesday, picking up to levels near 159.00 against the US Dollar, after hitting support in the 159.45 area.
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The downside prevails as long as 159.57 is resistance, with 158.27 and 158.09 as targets
above 159.57, look for 159.86 and 160.04.
The downside prevails as long as 159.57 is resistance, with 158.27 and 158.09 as targets
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