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USD: Another Volatile Overnight session for the Yen

USD
USBulletMarketsForeign Exchange BulletsNorth America
  • The Dollar is on the front foot this morning and is extending gains against the {r2} Pound, but support in Cable is still seen a little further out, down to 1.2420 (20day EMA).
  • The Kiwi is the worst performer and continues to give back some gains after NZDUSD bounced 3.37% from the 3rd Feb low, to Yesterday's printed high.
  • As such, although the worst performer within G10, NZDUSD is still well within Yesterday's range.
  • The Yen has seen another volatile overnight session, USDJPY initially fell 80 pips, following Hawkish comments from BoJ Tamura, hinting that there would be another 2 hikes for the fiscal Year.
  • But, the USDJPY has taken 6 hours to fully reverse the move and now sits closer to the overnight high, back to flat on the broader Dollar demand.
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  • The Dollar is on the front foot this morning and is extending gains against the {r2} Pound, but support in Cable is still seen a little further out, down to 1.2420 (20day EMA).
  • The Kiwi is the worst performer and continues to give back some gains after NZDUSD bounced 3.37% from the 3rd Feb low, to Yesterday's printed high.
  • As such, although the worst performer within G10, NZDUSD is still well within Yesterday's range.
  • The Yen has seen another volatile overnight session, USDJPY initially fell 80 pips, following Hawkish comments from BoJ Tamura, hinting that there would be another 2 hikes for the fiscal Year.
  • But, the USDJPY has taken 6 hours to fully reverse the move and now sits closer to the overnight high, back to flat on the broader Dollar demand.