Morning Report: 06.30 London

  • This morning, the US dollar is backing off from the highs made yesterday, mainly due to a powerful push from the Japanese yen.

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  • The yen is bidding higher after the Bank of Japan opted to extend the range and maturity of the assets it purchases. The USD/JPY reversed dramatically, with other dollar pairs following suit.

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  • The remaining dollar pairs are mixed to positive.

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  • Meanwhile oil prices continue to suffer, with fresh weekly closing lows on the cards.

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Coming up today: 

  • Coming up today we have Canadian Core CPI, released alongside wholesale sales.

Trade Idea: 

  • With the dollar potentially unleashed and the yen on fire, the EUR/JPY is under pressure.

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This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. 

 

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