Tuesday, 18 October 2022

Japanese Yen Marches Lower vs. US Dollar, Less So Against Chinese Yuan and Crude Oil

The Japanese Yen continues to lose ground against the US Dollar, but less so against the Chinese Yuan and crude oil. Will that allow for a higher USD/JPY than the market thinks?

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...