JPY Daily Review for February 1, 2019
|The USD/JPY pair fell to 108.79 – the lowest level since Jan. 17 – soon before press time and risks falling further, courtesy of the Fed’s dovish turn|
|Open interest in JPY futures markets dropped by around 4.1K contracts on Wednesday, clinching the third consecutive drop according to flash data from|
|The better tone in the Japanese safe haven is sustaining another daily pullback in USD/JPY, which has so far met support in the mid-108.00s. USD/JPY|
|The EUR/JPY pair came under a renewed selling pressure in the second half of the day and dropped to its lowest level since January 25 at 124.49. As of|
|After finding daily support at 108.50, the USD/JPY extended its rebound in the NA session and rose to 108.90 before going into a consolidation phase.|
|The US dollar fell significantly during the trading session on Thursday but turned around to bounce and form a hammer like candle. Because of this, I believe…|
Have a nice trading!