JPY Daily Review for November 7, 2017
|The Japanese Yen tumbled quite sharply against the US Dollar despite a distinct lack of anything obviously new in dovish comments from Bank of Japan|
|The Japanese Yen took a beating in Asia Pacific trade but the perennially anti-risk currency may recover as sentiment sours across the financial markets.|
|US stocks closed at record highs as shares of Apple and Qualcomm led the way. Nasdaq Composite outperformed its counterparts closing 0.74% higher with S&P and Dow closing 0.31 and 0.10% higher respectively. Apple shares rose more than 2% on better quarterly earnings.|
|The US dollar initially rallied on Monday, breaking above the vital 114.50 level. There is a significant amount of resistance above there and towards the 115…|
Have a nice trading!