- The dollar with mixed results and under pressure against the main currencies.
- Yen gains pace as Wall Street reversal.
He USD / JPY fell to 103.25 today, hitting the lowest level in a month, before bouncing and climbing to 103.65. It is trading around 103.45 / 50, on top of more US data and the Federal Reserve decision.
Financial markets operate without a clear direction. The main Wall Street indices are in negative, modestly. The DXY fell to year-low lows before having a slight rebound, but is again approaching 90.00. Retail sales data and PMI data did not help the dollar.
The yen picked up pace as stocks fell, but also presented mixed results. Most of the crossovers are still moving within the recent ranges.
On the technical side, USD / JPY maintains the downtrend and is close to the support zone between 103.00 and the lows of November. A drop below would point to more declines. The bearish bias is expected to continue as it continues below 105.00 / 20, where it is passing an eight-month bearish line.
Technical levels
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