Yen consolidates gains on a quiet session and lower US yields. US Dollar loses strength after DXY reached fresh monthly highs but failed to run higher. The USD/JPY printed a fresh daily low during the American session amid a wave of risk aversion on US/China trade headlines. The pair dropped to 108.64, hitting a fresh one-week low and then bounced modestly to the upside. Bearish pressure prevails As of writing trades at 108.75/80, so far it remains above the 108.70/75 support area but still faces downside pressure. A break lower would likely accelerate the decline toward 108.45; below the next support stands at 108.20. Price is about to close around daily lows after reports suggested that US-China trade talks are being affected by farm purchases. Those headlines boosted the demand for safe-haven assets further. Earlier today, US inflation data and Fed’s Chair Powell comments at Congress were ignored by market participants. During the Asian session, Japanese growth data is due. 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 Forex Today: Uncertainty remains the same FX Street 3 years Yen consolidates gains on a quiet session and lower US yields. US Dollar loses strength after DXY reached fresh monthly highs but failed to run higher. The USD/JPY printed a fresh daily low during the American session amid a wave of risk aversion on US/China trade headlines. The pair dropped to 108.64, hitting a fresh one-week low and then bounced modestly to the upside. Bearish pressure prevails As of writing trades at 108.75/80, so far it remains above the 108.70/75 support area but still faces downside pressure. A break lower would likely accelerate the decline toward… Regulated 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.
