The USDJPY plunged nearly 60 pips as the US ISM Non-Manufacturing PMI data failed to live up to expectations. The...
USDJPY
In this section, you will find important USDJPY news, actionable trading ideas, and a live USDJPY chart to help you understand the markets better.
USDJPY is the ticker symbol in Global FX markets that represents how many Japanese Yen you can buy with one US dollar. USDJPY is one of the world’s major currency pairs according to the Bank for International Settlements and represents 17% percent of total daily volume on forex trading markets. The factors that affect the value of the pair are the economic policy by the Japanese and U.S. governments and central banks, but also economic conditions and other economic indicators like unemployment, imports, exports, etc. However, a key driver is risk sentiment and there is a good negative correlation between stock markets and the Japanese Yen in the short term. The JPY is sensitive to risk sentiment as it is a so-called funding currency. The pair is very popular among traders because of the high liquidity and tight spreads.
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The US ISM Non-Manufacturing PMI number hits the newswires today at 2pm GMT, and will have implications for the USDJPY....
USDJPY trades 0.07% higher at 107.24 after the two days sharp correction from 2-month highs at 108.46. The pair stopped...
At the time of writing, European stock markets such as the DAX index were down by 1.5%, while the S&P...
The USDJPY trades lower at this time as the ADP Employment Change figure came in slightly lower than expected. However,...
The USDJPY is under pressure and is currently down by 25 pips after a disappointing US ISM Manufacturing PMI figure...
USDJPY trades higher for fifth consecutive trading session amid USD strength across the board. Investors dumb safe-haven assets as we...
Credit rating agency Fitch has made some dire forecasts to global economic growth, predicting that the world GDP growth levels...
European trading week starts with German Retail Sales which will be released at 6:00GMT, the German Unemployment Rate is due...
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