[MARKET UPDATE] USD/JPY rebounds from its session low of 157.52 after falling from a session high of 158.21; currently trading U/C at 157.93
Newsquawk Staff ·
USD/JPY rebounds from its session low of 157.52 after falling from a session high of 158.21; currently trading U/C at 157.93.
What it means
The rebound of USD/JPY from its session low suggests a potential stabilization after the earlier decline, possibly indicating buying interest around 157.50 level. This movement may reflect underlying sentiment shifts or technical levels in play, influencing near-term trading strategies and positioning ahead of key data or events.
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed folowing the continued tech rout stateside where the Nasdaq 100 slipped into a correction and with markets cautious ahead of the US midterm election
- [MARKET ANALYSIS] Dollar is flat ahead of the midterms, while yuan weakens after the PBoC raised its FX RRR
- [MARKET ANALYSIS] T-note futures pulled back after gaining yesterday alongside a slump in oil prices, while demand is contained with cash treasuries trading shut overnight amid the Tokyo closure
- [MARKET ANALYSIS] Oil prices are contained after dropping 8% on Monday amid hopes for diplomacy and despite a report that the US conducting a small-scale, defensive attack on Iran's Qeshm Island
- [MARKET UPDATE] Asia-Pac stocks begin mixed with underperformance in the KOSPI following the continued tech rout stateside which saw the Nasdaq 100 dip into a correction, while demand is contained amid the holiday in Japan and looming US midterm elections
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