The US dollar has rallied a bit against the Japanese yen during the trading session on Thursday, breaking above the ¥109 level.
Besides risk appetite, there were better than expected results for the US economic figures, which motivated the USD/JPY in completing the bullish path
The US dollar rallied a bit after initially pulling back on Wednesday against the Japanese yen.
The US dollar has exploded to the upside during the trading session on Tuesday against the Japanese yen, slicing through the tight range that we have been in for some time.
The US dollar continues to go back and forth, doing almost nothing at the 50 day EMA against the Japanese yen.
The US dollar initially fell during the trading session on Friday to reach down towards the ¥107 level.
The US dollar initially tried to rally during the day on Thursday but found resistance in the same area that it has more than once, as the ¥108 level continues to be very resilient.
The greenback has gone back and forth against the Japanese yen during the trading session on Wednesday as we continue to see the 50 day EMA come into play and cause a lot of back and forth.
The US dollar has done almost nothing during the trading session on Tuesday, initially trying to rally before breaking back down.
The US dollar went sideways against the Japanese yen during the trading session on Monday, which of course was Memorial Day in the United States
Despite new Covid-19 infections surging across the globe, financial markets remain disconnected from fundamentals.
The US dollar continues to chop back and forth against Japanese yen, essentially putting the trading public to sleep.
The US dollar rallied a bit during the trading session on Thursday, reaching towards the ¥108 level above before pulling back.
The US dollar has gone back and forth during the trading session on Wednesday as we continue to see a lot of noise when it comes to trading this pair.
The US dollar has rallied significantly during the trading session on Tuesday but found the ¥108 level to be a bit too resistive to continue going higher.
