PT Solid Gold Berjangka | Yen Reverses Initial Gain After Japan FX Comments

01:49 06 September in Commodity, SOLID GOLD BERJANGKA | SOLID GROUP

The yen erased an initial gain made against the dollar after Japan’s currency chief Masato Kanda stepped up verbal rhetoric to support the currency, though was still higher against other Group-of-10 peers.

USD/JPY little changed at 147.75; it fell as much as 0.2% to 147.37 after Kanda said officials are seeing speculative moves in the yen and won’t rule out any options if currency moves continue.

The verbal intervention came following the greenback hitting its highest level in five months on Tuesday as investors bet rate gap between the US and the rest of the world will widen against a backdrop of weak growth in Europe and China.

Bloomberg Dollar Spot Index and the yield on benchmark 10-year Treasuries were little changed.

“The dollar’s strength is likely to continue as the US economy remains resilient and inflation stays above the Fed’s target high for a longer period,” said Tsutomu Soma, a bond and currency trader at Monex Inc. in Tokyo.

AUD/USD lost 0.2% to 0.6369 ahead of second quarter growth data.

EUR/USD was little changed at 1.0722.

EUR/JPY was little changed at 158.37.

Source : Bloomberg

Indeks Dolar Yen Dolar AS EUR/USD AUD/USD,

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