(VIANEWS) – USD/EUR (USDEUR) has been up by 0.97% for the last 10 sessions. At 20:10 EST on Thursday, 5 October, USD/EUR (USDEUR) is $0.95.
USD/EUR’s yearly highs and lows, it’s 6.878% up from its 52-week low and 8.663% down from its 52-week high.
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- Usd/jpy struggles post-plunge due to mixed US data, intervention concerns. According to FXStreet on Wednesday, 4 October, "Given the backdrop, the USD/JPY struggles to edge higher, also weighed by US Treasury bond yields easing from yearly highs. ", "The USD/JPY is trading at 148.88, down by a minuscule 0.07%, after hitting a daily high of 149.31."
- Usd/jpy could still go higher – ING. According to FXStreet on Wednesday, 4 October, "Tokyo’s silence may suggest they didn’t intervene and the sharp sell-off could have possibly been caused by re-positioning after option barriers in USD/JPY were hit at 150.", "There are no signs that US Treasury yields are near a peak meaning that even if intervention took place, USD/JPY could still go higher. "
- Usd/jpy recovers a few pips from daily low, finds some support near 148.00 mark. According to FXStreet on Thursday, 5 October, "The USD/JPY pair comes under some renewed selling pressure following the previous day’s modest uptick and drops closer to the 148.00 mark during the Asian session on Thursday. ", "The market is attributing the fall in the USD/JPY pair to Gotobi, which refers to the practice in Japan of making certain payments on specific days of the month that end in a "5" or "0" (like the 5th, 10th, 15th, 20th, 25th, and 30th). "
- Usd/jpy sticks to gains around 149.20-25 area, intervention fears act as headwind. According to FXStreet on Wednesday, 4 October, "The aforementioned fundamental backdrop seems tilted firmly in favour of bullish traders and suggests that any meaningful corrective slide around the USD/JPY pair is more likely to get bought into. ", "The USD/JPY pair gains some positive traction during the Asian session on Wednesday and moves further away from its lowest level since September 14, around the 147.25-147.30 area touched the previous day. "
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