The safe haven currency is in demand once again. The trigger is seemingly the report about Russian hacking into a US company that provides voting machines. According to a leaked report from the NSA, factors related to the Russian government targeted employees in a company providing voting machines, using phishing schemes. So far, the assumption was that Russia tried to influence the vote by influencing voters and leaking information from the DNC. The voting process itself was thought to be left untouched. This report casts doubt. Comey testimony overshadows infrastructure effort The publication comes ahead of former FBI Director Comey’s testimony on Thursday. The White House decided to let it go through, not invoking the “Presidential Privilege” to prevent his appearance. And all this happens when the Trump Administration is finally coming around to address the election promises regarding infrastructure. Hopes for infrastructure spending and tax cuts were behind the dollar rally. If these initiatives are derailed, so is the dollar. USD/JPY – safe haven flows The drops in dollar/yen go hand in hand with the fall in US yields. Bond yields jumped after the disappointing jobs report on Friday, which showed stalling wages and a worse than expected job growth number at 138K. The Fed is still expected to go through with a hike, albeit a dovish one. Here is the USD/JPY daily chart. Immediate support is at 1.09.50, followed by the cycle low of 108.10. Resistance awaits at 110, followed by 111.60. More: USD/JPY: Political Risk & Equity Market In The Driver’s Seat; What’s Next? – Credit Agricole Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Dollar index fall is inevitable Natascha Sing 6 years The safe haven currency is in demand once again. The trigger is seemingly the report about Russian hacking into a US company that provides voting machines. According to a leaked report from the NSA, factors related to the Russian government targeted employees in a company providing voting machines, using phishing schemes. So far, the assumption was that Russia tried to influence the vote by influencing voters and leaking information from the DNC. The voting process itself was thought to be left untouched. This report casts doubt. Comey testimony overshadows infrastructure effort The publication comes ahead of former FBI Director Comey's… 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.
