The USD/JPY pair trades marginally higher for the day, ranging around the 107.50 Fibonacci level as optimism on economic growth is leading the markets today, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “Safe-haven assets are under pressure, with the dollar being the worst performer, although adding some ground against the Japanese yen. There was no particular catalyst behind the upbeat mood, but optimism from Chinese authorities about an economic rebound, given the latest macroeconomic figures.” “The continuation of the ongoing upbeat sentiment will depend on US data to be out later today. The country will publish today the official ISM Non-Manufacturing PMI, foreseen in June at 50 from 45.4 in the previous month.” “A neutral stance persists in the short-term and according to the 4-hour chart, although the bearish potential seems limited. The USD/JPY pair is battling with a directionless 200 SMA, while above the shorter ones. Technical indicators, in the meantime, head nowhere just above their midlines.” 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/GBP to keep the broader risk higher above 0.90 – Credit Suisse FX Street 3 years The USD/JPY pair trades marginally higher for the day, ranging around the 107.50 Fibonacci level as optimism on economic growth is leading the markets today, FXStreet’s Chief Analyst Valeria Bednarik reports. Key quotes “Safe-haven assets are under pressure, with the dollar being the worst performer, although adding some ground against the Japanese yen. There was no particular catalyst behind the upbeat mood, but optimism from Chinese authorities about an economic rebound, given the latest macroeconomic figures.” “The continuation of the ongoing upbeat sentiment will depend on US data to be out later today. The country will publish today the official… 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.
