Japanese Yen Futures Market News and Commentary
The dollar index (DXY00) this morning is down by -0.101 (-0.10%). Dec euro-fx futures (E6Z9) are up by +0.0005 (+0.05%), and EUR/USD (^EURUSD) is up by +0.0007 (+0.06%). Dec yen futures (J6Z9) are up by +0.0004 (+0.04%), and USD/JPY (^USDJPY) is down by -0.06 (-0.06%).
The dollar index is moving lower for a third session and posted a new 1-week low as Brexit optimism boosts GBP/USD.
GBP/USD is up +0.47% today at a 3-1/2 week high on hopes that UK Prime Minister Johnson will be able to pass his Brexit deal through Parliament if Conservatives win the Dec 12 election. Prime Minister Johnson told the Sunday Telegraph that "all 636 Conservative candidates standing at the Dec 12 election has pledged to me that if elected they will vote in Parliament to pass my Brexit deal." The betting odds are showing a 65% probability that Conservatives will win an overall majority in Parliament in the upcoming election, according to oddschecker.com.
EUR/USD rose to a 1-week high to... Read more