USD/JPY is looking to close fourth straight day in the negative territory. Risk-averse market environment helps JPY preserve its strength. US Dollar Index retreats below 93.00 in late American session. The USD/JPY pair slumped to its lowest level since late July at 104.53 on Thursday and seems to be having a difficult time staging a meaningful rebound. As of writing, the pair was down 0.2% on a daily basis at 104.73. JPY capitalizes on safe-haven flows The risk-averse market atmosphere, as reflected by sharp declines witnessed in global equity indexes, helped the JPY find demand and stay strong against its rivals. At the moment, the S&P 500 Index is and the 10-year US Treasury bond yield both lose more than 1% on the day. Meanwhile, following the FOMC-inspired upsurge seen during the Asian session, the US Dollar Index (DXY) lost its traction in the second half of the day and dropped into the negative territory below 93.0, allowing the bearish pressure on USD/JPY to remain intact. Earlier in the day, Bank of Japan (BoJ) left its policy rate unchanged as expected and Governor Haruhiko Kuroda reiterated that they won’t hesitate to ease the policy further if needed. Kuroda further noted that it was possible for rates to go lower but the JPY paid little to no attention to these remarks. On Friday, the National Consumer Price Index (CPI) data from Japan will be looked upon for fresh impetus. The University of Michigan’s Consumer Sentiment Index will be the only data featured in the US economic docket. Technical levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ethereum Price Prediction: ETH could be on the verge of an imminent breakout above $400 FX Street 1 year USD/JPY is looking to close fourth straight day in the negative territory. Risk-averse market environment helps JPY preserve its strength. US Dollar Index retreats below 93.00 in late American session. The USD/JPY pair slumped to its lowest level since late July at 104.53 on Thursday and seems to be having a difficult time staging a meaningful rebound. As of writing, the pair was down 0.2% on a daily basis at 104.73. JPY capitalizes on safe-haven flows The risk-averse market atmosphere, as reflected by sharp declines witnessed in global equity indexes, helped the JPY find demand and stay strong against its… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
