(VIANEWS) – USD/EUR (USDEUR) has been up by 1.71% for the last 21 sessions. At 11:07 EST on Tuesday, 4 July, USD/EUR (USDEUR) is $0.92.
USD/EUR’s yearly highs and lows, it’s 1.764% up from its 52-week low and 12.488% down from its 52-week high.
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- Usd/jpy defends 100-hour sma, trades with a mild positive bias below mid-144.00s. According to FXStreet on Monday, 3 July, "In the meantime, traders might refrain from placing aggressive directional bets around the USD/JPY pair.", "The USD/JPY pair struggles to gain any meaningful traction on Monday and oscillates in a narrow trading band, just above the 100-hour Simple Moving Average (SMA) through the Asian session. "
- Usd/jpy trades with a mild negative bias around mid-144.00s, downside seems cushioned. According to FXStreet on Tuesday, 4 July, "This marks the eighth straight month of contraction and adds to worries about a global economic downturn, which could benefits the JPY’s safe-haven status and cap the upside for the USD/JPY pair.", "That said, expectations that the BoJ will stick to its ultra-ease monetary policy stance keep a lid on any meaningful gains for the JPY and lend some support to the USD/JPY pair. "
- Usd/jpy clings to mild gains below 145.00 on mixed Japan data, intervention fears. According to FXStreet on Monday, 3 July, "However, the mixed headlines about China and the cautious mood ahead of this week’s top-tier data/events, comprising the Federal Open Market Committee(FOMC)Monetary policy meeting Minutes and the US jobs report, also prod the USD/JPY bulls.", "Also likely to have weighed on the USD/JPY price could be the downbeat prints of Japan’s final prints of Jibun Bank Manufacturing PMI for June, to 49.8 as it matches the initial forecasts."
- Usd/jpy hovers around mid-144.00s as yields flag recession, Japan intervention looms. According to FXStreet on Tuesday, 4 July, "Also challenging the USD/JPY buyers are the fears of recession signaled via the US Treasury bond yields inversion.", "Moving on, the US holiday will restrict immediate USD/JPY moves but the fears of market intervention can check the bullish bias despite hawkish Fed bets, favoring a 0.25% rate hike in July."
- Usd/jpy signal: potential buying opportunity today – 03 July 2023. According to DailyForex on Monday, 3 July, "This discrepancy favors continued upward momentum in the USD/JPY pair over the long term. ", "The bullish patterns and interest rate differentials suggest a favorable long-term outlook for the USD/JPY pair. "
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