- The dollar rises throughout the market, Wall Street futures falls.
- USD / JPY jumps more than 50 pips in the last hour.
The USD / JPY shot up from 104.60 to the 105.30 zone on an increase in the triumph of Donald Trump in the presidential elections. This generated a fall in the stock markets and a rise in the dollar on all fronts.
Investors’ mood has deteriorated in the last hour, generating abrupt movements in the currency market with a rise in the dollar. In turn, Wall Street futures have definitely turned lower.
Results for key states are still unclearBut Trump has strong leadership in Florida and improved in the other states, though some have few votes counted.
The USD / JPY peaked at 105.34, the highest level since October 31. It stays at the highs. The volatility it is expected to remain at high levels in the next few minutes as the votes are counted.
Credits: Forex Street
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