US dollar tumbles on Thursday, DXY down 0.60%. USD/JPY erases weekly gains, moves away from 109.00. The USD/JPY pair dropped further during the American session despite the rally in Wall Street. It printed a fresh four-day low at 108.35 and it remains near the bottom, under pressure. The greenback is falling sharply across the board on Thursday. The Federal Reserve announced new facilities to provide $2.3 trillion in loans to small businesses and municipalities, triggering a rally in Wall Street and the slide of the US dollar. The Dow Jones is up 1.50% and the Nasdaq 0.45%. Prior to the announcement futures of both indexes were in negative territory. Economic data showed US initial claims holding at extreme high levels and a bigger than expected slide in consumer confidence. The numbers had no impact on prices as market participants continue to focus on recent developments. The DXY is falling 0.60%, trading around 99.50. At the same time, US yields remain relatively steady despite all the action. The decline of the greenback is even more pronounced versus emerging market currencies. The yen is mostly lower across the board on the back of risk appetite but losses so far are moderated. USD/JPY Technical levels 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 EUR/USD Price Analysis: Euro trades in two-day’s highs above 1.0900 figure as Fed injects trillions of liquidity FX Street 2 years US dollar tumbles on Thursday, DXY down 0.60%. USD/JPY erases weekly gains, moves away from 109.00. The USD/JPY pair dropped further during the American session despite the rally in Wall Street. It printed a fresh four-day low at 108.35 and it remains near the bottom, under pressure. The greenback is falling sharply across the board on Thursday. The Federal Reserve announced new facilities to provide $2.3 trillion in loans to small businesses and municipalities, triggering a rally in Wall Street and the slide of the US dollar. The Dow Jones is up 1.50% and the Nasdaq 0.45%. Prior to the… 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.
