EUR/USD 1.14808
0.051%
Gold 4394.34
1.215%
Oil 95.051
-1.518%
USD/JPY 157.660
1.085%
GBP/USD 1.33668
0.069%
GBP/JPY 210.747
1.157%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
EDF (Électricité de France) plans to build 10 small modular reactors (SMRs) for nuclear power generation in Europe by 2035, a project worth tens of billions of euros. One SMR is planned for Italy, with a target completion date of 2035.Spains National Statistics Institute (INE) has revised its 2025 GDP growth forecast for Spain upward to 2.6% from 2.4%.On September 18th, it was reported that from January to August 2026, 42,582 new foreign-invested enterprises were established nationwide, a year-on-year increase of 0.3%; actual use of foreign capital amounted to RMB 479.95 billion, a year-on-year decrease of 5.3%. By industry, actual use of foreign capital in manufacturing was RMB 119.55 billion, and in services RMB 350.42 billion. Actual use of foreign capital in high-tech industries reached RMB 200.26 billion, a year-on-year increase of 35.1%, accounting for 41.7% of the total actual use of foreign capital nationwide, an increase of 12.4 percentage points compared to the same period last year. Among them, actual use of foreign capital in R&D and design services, technology transfer services, and electronic and communication equipment manufacturing increased by 74%, 64.2%, and 41.9%, respectively. By origin, actual investment from France, Switzerland, and South Korea increased by 39.2%, 16.7%, and 16.5%, respectively (including investment data through free ports).Eurozone construction output rose 0% month-on-month in July, compared with a previous reading of -1.30%.Eurozone construction output fell 2% year-on-year in July, compared with a previous reading of -0.70%.

The dollar against the yen is hovering near a three-year high! Risk sentiment remains weak

Oct 26, 2021 11:05

After testing a three-year high of 114.46 in Asian markets in early trading on Monday (October 18), USD/JPY consolidated above 114.00, and the bulls paused before resuming the upward trend.


The exchange rate closely follows the trend of U.S. Treasury yields, and the benchmark 10-year Treasury bond yields are also trending. Yields rose again and pushed up the currency pair to the multi-year top it hit last Friday.

However, the 10-year Treasury bond yield seems to be unable to break through 1.60% without follow-up buying, limiting the exchange rate to a 3-year high.

The decline in the exchange rate is still limited by the strengthening of the US dollar, because the market risk tone remains weak.

Concerns about the slowdown in global economic growth have resurfaced within the day, and the surge in oil prices has weakened market sentiment and supported the dollar bulls.

At the same time, Japanese Prime Minister Fumio Kishida said that he has no plans to change the sales tax. Since there are relatively few data in the United States, the exchange rate may be affected by broader market sentiment and yield price movements.

However, as the Fed’s hawkish expectations continue to rise, the Fed’s speech will attract more attention.

USD/JPY technical outlook


FXStreet analyst Christian Borjon Valencia explained, “The first resistance was at 114.54, the high of October 4, 2018, which is a key level. The exchange rate has been blocked four times in four years. If it breaks through this level, the exchange rate will rise further. Clear the obstacles and point to key resistance levels, such as the high of 115.37 on January 27, 2017, and then the high of 117.52 on January 9, 2017. On the other hand, if it breaks 114, it will open the door to decline, and the current RSI will exceed purchase. "

(Daily chart of USD/JPY)

At GMT+8 16:36, the USD/JPY traded at 114.35.

Suggestion