USD/JPY Fresh Drop & Key Technical Levels
A new wave of risk aversion was witnessed earlier, which sent more flows towards the Japanese Yen, as news around the Omicron variant continue to dictate market moves
Page 115 of 125
A new wave of risk aversion was witnessed earlier, which sent more flows towards the Japanese Yen, as news around the Omicron variant continue to dictate market moves
The pair rises after its poor start to the week, as renewed Omicron jitters, lead markets to a repricing of their Fed tightening expectations
The pair plunged on Friday after news of a new concerning Covid-19 variant, which sparked a risk-off wave, but today it covers some of the losses
The emergence of the new Omicron Covid strain lead to a big market sell-off on Friday as participants sought safe-havens. Join FXCM Senior Market Specialists, Russell and Nikos, as they discuss what this means for markets. The two also talk about this week's important calendar items, including Fed Chair Powell's testimony on Capitol Hill, the OPEC+ meeting on Thursday, the NFP release on Friday, and more.
Oil prices stage a rebound at the start of the week, following Friday’s collapse due to new of a new Covid-19 variant, called Omciron
News of the new Covid-19 variant on Friday harmed the greenback, as they casted doubt over the Fed’s tightening path and allowed the pair to stage a solid recovery, but today it is on the back foot
During this eventful week, we saw high Fed activity, a data dump from the US before the Thanksgiving holiday, quarterly results from high profile companies and intense risk aversion in the last trading day due to new Covid variant
This holiday-shortened week for the US stock markets ended with risk-aversion due to Covid variant warning by the WHO and marked the winding down of the earnings season, with a handful of high profile results
The World Health Organization (WHO) warned of a newly found COVID-19 variant, sparking fresh fears sending stocks of major airline companies lower
Risk-off mood dominates markets today, but the US Dollar fails to benefit, allowing the pair to push higher, reacting from Wednesday’s 2021 lows
Risk aversion was prevalent is the Asia-Pacific session, after WHO warned yesterday about a new COVID-19 variant, with the Japanese Yen emerging as the main beneficiary
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.