One of the few bright spots for the dollar this week is against the yen. Though generally lower, the dollar has gained a little ground against the yen this week, a reflection of improved risk sentiment with markets in Japan and the U.S. reaching fresh milestone highs.
Japan's Nikkei stock index hit 15-year highs above 20,000 while the U.S. Nasdaq closed Thursday at a new record peak for the first time in 15 years.
As appetite grows for riskier assets, safer, lower-yielding ones like the yen underperform.
Commentary
JPY review
One of the few bright spots for the dollar this week is against the yen. Though generally lower, the dollar has gained a little ground against the yen this week, a reflection of improved risk sentiment with markets in Ja…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
