Page 94 - Urrencies News Today

On Thursday, the AUD/JPY plummeted more than 1.30%, shifting bearish, after finally breaching the top of the Ichimoku Cloud, signaling the downtrend is gathering pace.

The Japanese Yen (JPY) rallied over 3.5% intraday, to its strongest level in four months against the US Dollar (USD) after Bank of Japan (BoJ) Governor Kazuo Ueda spoke about options when considering a move away from negative interest rates on Thursday.

The EUR/JPY begins Friday’s Asian session almost flat after plunging sharply on Thursday, following perceived hawkish remarks by the Bank of Japan (BoJ) Governor Kazuo Ueda.

The AUD/USD rebounded from the 20-day Simple Moving Average (SMA) and two-week lows at 0.6525, reaching levels above 0.6600.

The rally in the yen spilled over into a second day as traders wagered that the Bank of Japan will scrap the world’s last negative interest-rate regime much sooner than previously thought.

The AUD/USD pair ticks higher during the Asian session on Friday, albeit lacks any follow-through and struggles to make it through the 200-hour Simple Moving Average (SMA).

Here is what you need to know on Friday, December 8: The US Dollar (USD) weakened against its major rivals as risk flows returned to markets on Thursday, with the USD Index snapping a three-day winning streak.

Following the towering rally in the Yen, Japanese Finance Minister Shunichi Suzuki said on Friday that he “is closely watching FX moves.” Suzuki added that he won't comment on the FX situation and how to respond.

The pound maintains its bearish tone below 1.2600. Today’s main focus is the US Nonfarm Payrolls report.

The Euro is looking for a direction below 0.8590. Weak Eurozone data keeps fuelling hopes of ECB cuts and weighing on the Euro The pair is nearing a strong support area above 0.8500 The euro is trading sideways for the fifth consecutive day on Friday, with price action trapped within the upper range of 0.8500.