简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
USD/JPY Dropped Below 110
Abstract：For the first time since May, the yen’s rate has dropped below 110 per USD, as positive outlook for the trade agreements has weakened market demand for safe-haven assets. Before the first phase of the trade agreement was signed on Wednesday, the U.S. government removed the “currency manipulator” label imposed on China.
For the first time since May, the yen‘s rate has dropped below 110 per USD, as positive outlook for the trade agreements has weakened market demand for safe-haven assets. Before the first phase of the trade agreement was signed on Wednesday, the U.S. government removed the “currency manipulator” label imposed on China. The change in the US’ attitude indicates that few uncertainty remains for the first phase of the US-China trade agreement, eliminating a major risk in the global market.
The yen has fallen 1.3% against the dollar since 2020, erasing all gains last year. And as tensions between the United States and Iran eased, yen has lost part of its safe-haven appeal, experiencing its biggest drop since October last week; improved risk appetite and technical momentum pushed the dollar to above 110 yen. Whether it will continue to rise further will depend on new catalysts such as US economic data and the rise in US Treasury Bond yields.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
Keep Silence to FX Scams? NO! EXPOSE Them on WikiFX!
Keep Silence to FX Scams? NO! EXPOSE Them on WikiFX!
Watch out! PlatformsFx Robbed Me of US$76,878
A few months ago, a person from the trading solution provider company “PlatformsFx” contacted the victim for forex trading. According to the victim, the scammer and his so-called well-known gold trading platform took US$76,878 from her and put it into a presumably real forex account.
How to choose the best leverage level
Archimendes said: “Give me a fulcrum, I can lift the whole earth”. This is the earliest appearance of the concept of leverage. The word leverage dates from 1724 and was originally used to describe the action of a lever. By 1824, by which time the Industrial Revolution was fully underway, the scope of the word had expanded to include the power of a lever and therefore the obtaining of a mechanical advantage. It is simple to say that if you want to invest $10,000 in the forex market, you can to it by leverage with small investment. Leverage is a financial tool, which can magnify the result of your investment, including gain or loss at a fixed ratio.
Oil Prices Hit Fresh High on Uncertain Outlook
WikiFX News (6 Aug) - WTI crude oil embraced a steep rise in prices, up 4.5% to the high level of $43.68, compared to its low level of $41.76. It has recorded a fresh five-month high since March 6. Nevertheless, the outlook of oil remains uncertain because of the insufficient upward momentum in future oil prices resulted from the sluggish job growth in the United States.
WikiFX Broker
Latest News
Geopolitical Events: What They Are & Their Impact?
WikiFXTop 10 Trading Indicators Every Forex Trader Should Know
WikiFXASIC Sues Binance Australia Derivatives for Misclassifying Retail Clients
WikiFXWikiFX Review: Is FxPro Reliable?
WikiFXMalaysian-Thai Fraud Syndicate Dismantled, Millions in Losses Reported
WikiFXTrading frauds topped the list of scams in India- Report Reveals
WikiFXWhy Do You Feel Scared During Trade Execution?
WikiFXRevolut Leads UK Neobanks in the Digital Banking Revolution
WikiFXFusion Markets: Safe Choice or Scam to Avoid?
WikiFXSEC Approves Hashdex and Franklin Crypto ETFs on Nasdaq
WikiFXCurrency Calculator
