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JPY Daily Review November 7, 2017

JPY Daily Review for November 7, 2017

Japanese Yen Sinks As BoJ Kuroda Recommits To Ultra-Loose Policy

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

 

Yen May Rebound as Risk Appetite Sours Across Financial Markets

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 shares soar to new highs as dollar surges against yen

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.

 

USD/JPY and AUD/USD Forecast November 7, 2017

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!




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