Japanese Yen Futures Market News and Commentary
The dollar index (DXY00) on Thursday fell -0.424 (-0.45%). EUR/USD (^EURUSD) rose +0.0059 (+0.50%). USD/JPY (^USDJPY) rose +0.47 (+0.43%). The dollar index on Thursday posted moderate losses. A sharp rally in stocks on Thursday reduced the liquidity demand for the dollar. The dollar was also under pressure Thursday after weekly U.S. jobless claims unexpectedly rose and after a gauge of U.S. manufacturing activity fell more than expected.
EUR/USD (^EURUSD) on Thursday rallied moderately. Dollar weakness on Thursday supported gains in EUR/USD despite weak economic data that showed the Eurozone Sep Markit manufacturing PMI fell -2.7 to a 7-month low of 58.7, weaker than expectations of 60.3.
USD/JPY (^USDJPY) on Thursday rallied moderately for a second day and posted a 2-week high. A surge in T-note yields on Thursday undercut the yen after the 10-year T-note yield rose to a 2-1/4 month high of 1.410%. Also, strength in global equity markets on Thursday curbed th... Read more