JAPANESE YEN PRICE, CHARTS AND ANALYSIS: Most Read: FOMC Preview: Hawkish Pause to Reignite the Dollar Index (DXY) Rally? Download a Free Complimentary Guide for Beginner Traders Below. Recommended by Zain Vawda Forex for Beginners YEN FUNDAMENTAL BACKDROP The Japanese Yen continues to hover near its YTD lows against counterparts such as the US Dollar,
USD/CAD TECHNICAL ANALYSIS Between mid-July and early September, USD/CAD embarked on a robust uptrend, but the pair encountered resistance near the psychological 1.3700 level before reversing lower just as oil broke out to multi-month highs, a development that added some support to the Loonie given Canada’s high sensitivity to energy markets. Following the recent setback,
JAPANESE YEN PRICE, CHARTS AND ANALYSIS: Yen Selloff Resumes Following Gains on Poor US Data Yesterday. BoJ Board Member Naoki Tamura Said that an End to Negative Rates Doesn’t Mean the Central Bank Will Scale Back Monetary Easing as they Intend to Keep Rates Low. USD/JPY, GBP/JPY Remained Cushioned to the Downside with Data Likely
