Currency Watch: Lots to Consider as Forex Volatility Calms
After yesterday's volatile moves the currency markets have been quieter overnight but remain highly confused by conflicting concerns.
Currently, the dollar has recouped some of its losses against the yen and stands above 107 compared with last night's New York close of 106.16. The dollar recovery was assisted by Bank of Japan (BOJ) intervention in Tokyo to buy dollars against yen.
This action was the first BOJ intervention this year and was probably triggered by the sharp drop in euro/yen levels yesterday in New York. Japanese Vice Minister for International Affairs, Haruhiko Kuroda confirmed the intervention but did not indicate any specific objective or target currency. The BOJ buying was seen at 106.30 and 106.80 and possibly again above 107. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,434.17 | 1,105.21 | 2,166.83 | 32.40 |
Oil *
79.45
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UP
89.33
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UP
9.58
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UP
22.23
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UP
0.39
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10 Yr
3.24%
SPDR Gold
116.86
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+0.86%
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+0.87%
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+1.04%
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+1.22%
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