DJIA22645.56
LIVE-4.18(-0.02%)
NDX8049.31
LIVE-32.35(-0.40%)

USD/JPY clings to daily gains near mid-111s despite disappointing ADP data


Wednesday, 3 April 2019 21:18 WIB

DOLLARDolarYenUSD/JPY,


c_740_198_16777215_00_images_assets_CURRENCY_dollar-yen.jpg

The USD/JPY pair is trading in a relatively tight range on Wednesday as the rising US T-bond yields offset the broad USD weakness. As of writing, the pair was up 0.12% on a daily basis at 111.44.

The US Dollar Index, which advanced to a multi-week high of 97.52 on Tuesday, reversed its course today with the greenback struggling to find demand in the risk-positive environment. The data published by the ADP earlier today revealed that the employment in the private sector increased 129K in March and fell short of the market expectation of 170K. While investors are waiting for the ISM's and the IHS Markit's Services PMI data, the DXY is losing 0.22% on the day at 97.10.

Source : FXstreet


RELATED NEWS

  • The dollar has been on the back foot Tuesday, with risk sentiment boosted by further evidence that the virus has peaked in some countries in Europe, while the U.S. has also seen scattered evidence of ...
  • The Japanese yen has seen selling Monday, with the country’s government expected to call a state of emergency in response to the coronavirus pandemic. At 3:05 AM ET (0705 GMT), USD/JPY climbed 0.7% t...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.