Japanese Yen Futures Market News and Commentary
The dollar index (DXY00) on Monday rose +0.152 (+0.16%). Sep euro-fx futures (E6U0) closed down -0.0038 (-0.333%), and EUR/USD (^EURUSD) fell -0.0045 (-0.38%). Sep yen futures (J6U0) closed down -0.01 (-0.01%), and USD/JPY (^USDJPY) rose +0.03 (+0.03%).
The dollar index on Monday moved higher for a second day and posted a 4-session high on increased U.S. stimulus. President Trump Saturday took executive actions to extend economic aid as Congress remains at an impasse on passing a new virus relief package. The dollar also found support on the escalation of U.S./China tensions, Eurozone economic concerns, and better-than-expected U.S. economic data.
The dollar found support Monday on increased U.S. stimulus measures. President Trump on Saturday signed four executive orders, including extending unemployment benefits, an eviction protection request, student loan relief, and a temporary payroll tax deferral, as Congress remains in a stalemate and has not yet passed a new vi... Read more