- Yen extends fall count of the dollar, cuts losses against other currencies.
- The dollar strengthens ahead of US data and before yields rise.
- USD / JPY rises after four days of declines.
The dollar is rising in the market before the release of US economic data Against the yen, the greenback is cutting a four-day streak of declines and erasing Monday’s losses. USD / JPY is trading at daily highs at 113.23, extending the rebound from lows in one month to those that fell in 112.71.
The advance of the pair occurs before a strengthening of the dollar favored by the rise in the yields of Treasury bonds and a better general tone of the greenback in the previous data and the US holiday.
Looking at data
Regarding the economic calendar ahead of the US, the evolution of retail inflation for October and the unemployment benefit requests for the past emanates will be published. The unemployment data is advanced one day because Thursday will be a holiday in the US Stock markets will operate normally, but the bond market will remain closed.
The economic figures to be known from the US may have a impact on the formation of expectations of the monetary policy of the Federal Reserve and therefore affect the bond market.
Technical levels
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