Kể từ bây giờ chúng tôi là Elev8

Chúng tôi không chỉ là một nhà môi giới. Chúng tôi là một hệ sinh thái giao dịch tất cả trong một—mọi thứ bạn cần để phân tích, giao dịch và phát triển đều có ở một nơi. Sẵn sàng nâng tầm giao dịch của bạn?

USD/JPY: Dip demand powers recovery to 111.35, relief could be short-lived

  • USD/JPY has erased losses, but so far gains have remained elusive. 
  • The upside is likely being capped by the losses in the S&P 500 futures.

USD/JPY's recovery from session lows could be short-lived, as the US equity index futures are now flashing red.

Dip demand

The pair's retreat from the nine-month high of 111.59 reached during the US trading hours ran out of steam near 111.11 three hours ago. 

The buyers stepped in lifting the pair back to 111.50, possibly tracking the uptick in the US equity index futures. The S&P 500 futures were up by almost 0.25% in early Asia. 

The bid tone around, however, has weakened in the last few minutes despite China delivering an interest rate cut as expected. At press time, the futures are shedding 0.25%. 

Further, the US 10-year yield is also reporting a two basis point drop at 1.55%. 

As a result, the anti-risk yen could again catch a bid wave, pushing USD/JPY down to 111.11. Currently, the pair is hovering near 111.35. 

It's worth noting that the Shanghai Composite index is currently adding 0.4%. If the positive action in the Chinese stocks feeds into the US index futures, the USD/JPY pair could print fresh multi-month highs above 111.59. 

Technical levels

 

USD/CHF Price Analysis: Struggles between short-term rising trendline, 200-day SMA

USD/CHF steps back from multi-day top to 0.9835 during the early Thursday’s trading session. In doing so, the pair fails to cross 61.8% Fibonacci retr
Đọc thêm Previous

Saudi OilMin expresses his concerns on the coronavirus impact

Citing people who heard the comments from the Saudi Arabian Energy Minister Prince Abdulaziz bin Salman, Bloomberg reports that the oil minister expre
Đọc thêm Next