USD/JPY technical analysis
The dollar remains steady, awaiting the minutes of the FOMC meeting
It's been another fairly steady session for the major currencies so far
The major currencies did not do much and generally underperformed this week.
The dollar is flat on the day and is currently trading close to flat levels against the euro, yen, pound and Canadian loonie.
Notably, USD/JPY continues to show up around the 150.00 mark this week.
The lack of progress in the bond market doesn't help either, with the 10-year Treasury yield now down 1.5 basis points to 4.26%, but in the bigger picture it remains between 4.20% and its 100-day moving average of 4.33%.
For today's trading, the focus is on the release of the FOMC meeting minutes next. This may help provide an opportunity for traders to act on it and break out of this slump.
Additionally, keep an eye on the stock as some concerns persist from yesterday. Nvidia's earnings are in the spotlight. However, U.S. futures were already down, with S&P 500 futures down 0.2% and Nasdaq futures down 0.4%.
The dollar remains steady, awaiting the minutes of the FOMC meeting
It's been another fairly steady session for the major currencies so far
The major currencies did not do much and generally underperformed this week.
The dollar is flat on the day and is currently trading close to flat levels against the euro, yen, pound and Canadian loonie.
Notably, USD/JPY continues to show up around the 150.00 mark this week.
The lack of progress in the bond market doesn't help either, with the 10-year Treasury yield now down 1.5 basis points to 4.26%, but in the bigger picture it remains between 4.20% and its 100-day moving average of 4.33%.
For today's trading, the focus is on the release of the FOMC meeting minutes next. This may help provide an opportunity for traders to act on it and break out of this slump.
Additionally, keep an eye on the stock as some concerns persist from yesterday. Nvidia's earnings are in the spotlight. However, U.S. futures were already down, with S&P 500 futures down 0.2% and Nasdaq futures down 0.4%.