USD/JPY: Bulls in charge as risk appetite returns
Friday, 30 August 2019 09:05 WIB | CURRENCIES |DolarDolar ASDolarYenUSD/JPY,
USD/JPY is up +0.09% in Tokyo, steady on the open while risk-appetite dictates the trajectory again, with a more optimistic view over the trade wars following a series of positive headlines coming out of both the US and China and subsequent media channels. USD/JPY is currently trading at 106,42, just off the highs of 106.54 and testing the August resistance area.
Risk appetite returned overnight and the Dow Jones Industrial Average added 326.15 points, or 1.3%, to end at 26,362.25, while the S&P 500 index SPX, climbed 36.64 points, or 1.3%, to finish at 2,924.58 after China said it wouldn™t immediately retaliate against the latest U.S. tariffs increases.
Source : FXstreet
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