The US dollar initially attempted to rally during Friday, but profit-taking activities dominated the market as traders sought to capitalize on recent gains.
pullback phase
The substantial interest rate differential between Tokyo and the US Federal Reserve contributes to a significant divergence between the two currencies. This discrepancy favors continued upward momentum in the USD/JPY pair over the long term.It is important to consider these fundamental factors when assessing the potential future movements of the market.
The US dollar's recent rally has prompted profit-taking activities, leading to a consolidation phase in the market. As the market experiences a slight pullback, it presents an opportunity for traders seeking to acquire "cheap" US dollars or sell overvalued Japanese yen.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How Noah Clowney is already adapting for his Nets rookie opportunityHowever impressive last winter’s meteoric rise was, Clowney is confident he can make even more strides this winter as a Nets rookie.
Read more »
Chris Ronayne's First State of the County Speech Centers on Reform and OpportunityChris Ronayne's first State of the County speech centers on reform and opportunity
Read more »
“Queendom Puzzle” And “Heart Signal 4” Top Lists Of Most Buzzworthy TV Shows And Appearances“Queendom Puzzle” And “Heart Signal 4” Top Lists Of Most Buzzworthy TV Shows And Appearances
Read more »
Customer buying expensive jewelry was followed for miles, hours before robbery, investigators sayA crime trend known by some as 'jugging' is when a victim is followed from one location to another location to be robbed. Bexar County Sheriff Investigators are looking at two cases in June.
Read more »
Actors delay potential strike against studios and streaming services, extending contract negotiations | CNN BusinessA union representing about 160,000 actors has put plans to go on strike against major studios and streaming services on hold.
Read more »
ALERT: Periods of storms with severe potential this weekendAdditional storms are likely to enter western Indiana after 6pm. These storms come with a greater risk of severe weather with gusty winds being the main threat. We can't rule out some large hail and an isolated tornado.
Read more »