The US dollar gapped lower to kick off the week, as traders were concerned about the United States and China adding more tariffs upon each other, so it makes quite a bit of sense that we haven’t been able to break out of the range that we have been in for some time.
The US dollar has been back and forth against the Japanese yen for some time now, and I think that will continue to be the case as we head towards Labor Day in the United States on Monday.
The US dollar has been wilting against the Japanese yen for some time, starting the latest push lower at the end of the July month.
The US dollar has rallied significantly after falling against the Japanese yen on Thursday due to headlines suggesting that the Chinese weren’t going to retaliate against the Americans and the tariff war.
The US dollar has rallied slightly during the trading session on Wednesday, as we continue to consolidate against the Japanese yen.
The US dollar fell a bit during the trading session on Tuesday, reaching below the ¥106 level.
Ahead of the release of important US consumer confidence figures, USD / JPY remains unable to avoid losses.
The US dollar has initially plunged lower during the trading session on Monday, as traders reacted to the new tariffs imposed on the Chinese by the Americans after the markets closed on Friday.
The US dollar looks likely to attempt to break down below the ¥105 level during the trading session on Monday, which of course has been a solid support level in the past.
The US dollar fell a bit during the early New York trading session before bouncing on Thursday and we continued to see a lot of back and forth against the Japanese yen.
The US dollar rallied a bit during the New York trading session on Wednesday, reaching towards the ¥107 level yet again.
Even though the US dollar had a strong couple of days against the Japanese yen, the Tuesday session was of course very negative.
The US dollar has initially tried to rally during the trading session on Thursday but then turned around at the ¥107 level to fall rather precipitously.
The USD / JPY pair did not celebrate much with its recent gains, reaching the 106.97 resistance level, as the decline returned to 105.64 support before settling around 105.95
The US dollar has fallen hard against the Japanese yen during the trading session on Wednesday and it looks like it’s ready to continue the downtrend.