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USD/JPY struggles for clear directions, after beginning the week on a mildly negative footing, as it bounces off an intraday low near 134.75 during th
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Italian Machine Tool Orders Start to Grow April 20, 2021 Italian Trade Agency Press Release In the first quarter of 2021, the orders of machine tools collected by Italian manufacturers started to grow again. In particular, the UCIMU index processed by the Economic Studies Department & Business Culture of the Association showed a 48.6% upturn in the first three months of the year compared with the same period of 2020. The absolute value of the index was 169 (base 100 in 2015). The overall outcome was mainly due to the excellent performance of manufacturers on the domestic market. I...
Yen rebounds on dollar weakness February 9, 2021SharePrint The Japanese yen has posted sharp gains in the Tuesday session. Currently, USD/JPY is trading at 104.60, down 0.58% on the day. Yen punches back in 104 territory Has the pendulum changed for the Japanese yen? The currency has registered gains for a third straight day, which we haven’t seen since mid-December. This follows 10 successive winning sessions for the US dollar, which posted gains of 1.8% during that time. On Friday, USD/JPY touched a high of 105.76, its highest level since mid-October. The dollar appeared poised to break...