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![/Economics [spam filtered] FOREX-Yen sinks to lowest since April 2011 on Abe expectations | Reuters](https://a.thumbs.redditmedia.com/2-ZeefJpUXWSzAaFS9l88xmzlW_Ul8-INjHNBFR7664.jpg "/Economics [spam filtered] FOREX-Yen sinks to lowest since April 2011 on Abe expectations | Reuters") | submitted by ModerationLog to ModerationLog [link] [comments] |
London - The dollar fell on Monday, after reaching its lowest since September 2018 overnight, as deteriorating U.S.-China relations and concerns about the U.S. economy saw investors look to the yen and Swiss franc as safe havens.
With domestic economic concerns trumping its role as a safe-haven currency, the dollar index fell overnight, steadied in the early hours of the morning, then continued its descent.
At 1058 GMT, the dollar index was at 93.777, down 0.6% on the day =USD. As COVID-19 infections show no signs of slowing in the U.S., investors are doubtful of a quick economic recovery.
With the dollar's role as safe haven in question, the Japanese yen and Swiss franc strengthened, suggesting that investors are seeking safety elsewhere.
Versus the dollar, the Swiss franc reached a five-year high of 0.9167 overnight CHF=EBS. The dollar lost 0.8% against the yen, which strengthened to a four-month high of 105.265 JPY=EBS. "Under a general dollar sell-off environment the yen is benefiting as a safe-haven currency," said Neil Jones, head of FX sales at Mizuho, adding that month-end flows were also playing a role.
"Markets are potentially looking for risk aversion currencies, and this seems to be a discretionary switch away from dollar into the yen and the Swiss franc," he said.
SINGAPORE - The safe-haven yen fell versus its peers on Wednesday as concerns over slowing global growth and U.S.-Sino trade tensions dampened investors' appetite for riskier assets.
"Nervousness around global growth and trade tensions is certainly a factor driving the markets right now," said Michael McCarthy, chief markets strategist at CMC Markets.
On Monday, the International Monetary Fund cut its 2019 and 2020 global growth forecasts, citing a bigger-than-expected slowdown in China and the eurozone, and said failure to resolve trade tensions could further destabilize a slowing global economy.
Investors are hoping for a breakthrough in U.S.-Sino trade talks, with the tariff dispute between the world's largest economies already rippling through financial markets and global demand.
The dollar rally last year was mainly driven by the Fed's four rate hikes, so traders expect a pause in the tightening cycle to cap the U.S. currency.
The New Zealand dollar NZD= gained 0.25 percent in early Asian trade to $0.6766 after data showed that inflation edged higher in the fourth quarter and reducing the possibility of an interest rate cut.
 | Today in the main session forex trading the JPY was strong on all pairs in this currency group. This drove strong price movements during the main trading session. Images of the live forex trading signals from The Forex Heatmap® and price chart movement for these pairs is shown below. The GBP/JPY sold off on the H1/H4 time frames. This pair broke one support level and should likely continue lower one more day. The NZD/JPY also dropped on the H4 time frame. Next major support is at 69.25 area on this pair on the H4. These live currency trading signals and trend based trading plans for 28 pairs can be found on our website at Forexearlywarning.com. submitted by forexalerts to u/forexalerts [link] [comments] Forex Heatmaphttps://preview.redd.it/ibv974ndc0m51.jpg?width=408&format=pjpg&auto=webp&s=964af302bf8dcbda8b12fa7cbacb0012f668440a https://preview.redd.it/x3whqbpdc0m51.jpg?width=540&format=pjpg&auto=webp&s=265e5cdc34f923c6042152d9473a19e349befb38 |
SINGAPORE - The Japanese yen and the Swiss franc gained on Monday, thanks to safe-haven buying as sentiment in financial markets remained fragile on heightened worries over political instability in the United States and fears of a global economic slowdown.
In a widely expected move, the U.S. Federal Reserve raised interest rates by 25 basis points last week for its fourth hike of the year, underpinned by a relatively robust U.S. economy compared with its peers elsewhere.
Falling U.S. bond yields, particularly in the last several weeks, have further inflamed concerns over U.S. economic prospects and dragged on the dollar.
In recent months U.S. President Donald Trump has expressed his displeasure over rising U.S. rates, arguing that the Fed's monetary tightening threatens to derail the economy.
The heightened fears over slowing global growth benefited the Japanese currency the most last week; it rose 2 percent on the U.S. dollar, and against the Australian dollar, the yen put on a sizable 4 percent.
The Australian dollar, often considered a barometer of global risk appetite, changed hands at $0.7060, gaining 0.4 percent on its U.S. peer after sliding more than 2 percent last week.
The yen and yuan rose about 0.3% each, with the yen touching a seven-week peak of 104.27 per dollar and the yuan hovering just below a 16-month high it hit last week. The Yen is one of the world's most-traded currencies on the foreign exchange market, commonly referred to as "forex." Currency rates are notoriously difficult to predict, and most models ... Japanese Yen USD JPY currency usd jpy forecast japanese yen forecast forex yen rates yen tick charts Yen quotes yen charts yen cross quotes yen forecast yen brokers yen forex news yen commentary research yen foreign exchange forex Forex Directory. Forecasts Usd Quotes Usd ... Japanese Yen Forex Quotes Barchart.com provides forex quotes for the seven major rates: Australian Dollar, Canadian Dollar, Swiss Franc, British Pound, Euro, US Dollar, and Japanese Yen. During active trading, you will see new price information on the page, as indicated by a "flash" on the fields with new data. In fact, I do not have any interest in buying this pair, because if I am going to buy the US dollar I will do it against other currencies such as the Euro and the Pound, not a safety currency like the Japanese yen.The biggest problem of course is that this pair can “but the trend” when it comes the US dollar strength or weakness, based upon the fact that it is the Japanese yen we are ...
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