Japanese Yen Dec '19 (J6Z19)
Japanese Yen Futures Market News and Commentary
The dollar index (DXY00) on Wednesday rose by +0.056 (+0.06%). Dec euro-fx futures (E6Z9) closed down by -0.0011 (-0.10%), and EUR/USD (^EURUSD) fell by -0.0004 (-0.04%). Dec yen futures (J6Z9) closed up by +0.0015 (+0.16%), and USD/JPY (^USDJPY) fell by -0.22 (-0.20%).
The dollar index moved slightly higher Wednesday and posted a new 4-week high as the Chinese yuan weakened against the dollar on uncertainty about a U.S./China trade deal.
The yuan fell -0.22% Wednesday and posted a 1-week low against the dollar on Tuesday's comments from President Trump on the status of a trade deal with China. President Trump on Tuesday said a trade deal with China could happen soon, but that if a deal is not reached then "tariffs will be raised substantially." More trade uncertainty then arose after a Bloomberg report Wednesday afternoon said trade talks have hit a snag on Chinese purchases of U.S. farm products since China is said to be leery of putting a numerical commitment on ag... Read more
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