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Source: Forexcom News Agency
2 weeks ago
Forex Medium Importance
AUD/USD Breakout Builds as Yen Strength Softens the Dollar

AUD/USD Breakout Builds as Yen Strength Softens the Dollar

AUD/USD has pushed firmly above the .7200 level to trade at its highest since early May, continuing to benefit from buoyant risk appetite, hawkish RBA pricing and continued weakness in the US dollar, particularly against Asian currency names. With the technicals aligning with the fundamentals, the topside break will have bulls eyeing a potential retest of the year-to-date highs in the days ahead.

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AUDUSD AUD/USD
Source: Forexcom
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Source: Forexcom News Agency
2 weeks ago
Forex Medium Importance
AUD/USD is trading at its highest since early May, with the yen's continued rally helping soften the dollar and amplify the Aussie's upside response.

AUD/USD is trading at its highest since early May, with the yen's continued rally helping soften the dollar and amplify the Aussie's upside response.

AUD/USD has pushed firmly above the .7200 level to trade at its highest since early May, continuing to benefit from buoyant risk appetite, hawkish RBA pricing and continued weakness in the US dollar, particularly against Asian currency names. With the technicals aligning with the fundamentals, the topside break will have bulls eyeing a potential retest of the year-to-date highs in the days ahead.

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AUDUSD AUD/USD
Source: Forexcom
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Source: Forexcom News Agency
2 weeks ago
Forex Medium Importance AI Analyzed
USD/JPY Analysis: Japan's Interventions Continue to Support Yen Strength

USD/JPY Analysis: Japan's Interventions Continue to Support Yen Strength

The yen has continued to gain relevance during recent trading sessions and, over the last four trading days, USD/JPY has declined by nearly 3.6%, highlighting the strength currently being displayed by the Japanese currency against the U.S. dollar. This selling pressure has remained in place as markets continue digesting recent updates regarding Japan's currency interventions while also maintaining expectations of a more aggressive Bank of Japan.

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USDJPY USD/JPY
Source: Forexcom
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