PT Solid Gold Berjangka | Steady Dollar Sends Yen to the Brink of 160
DOLLAR Currency Yen USD/JPY, PT SGB Solid Gold Berjangka Solid Group SG Berjangka
Solid Gold Berjangka | The dollar held firm on Wednesday, trading at the precipice of the 160 yen barrier as investors became cautious and counted down to the release of U.S. price data at the end of the week.
The euro eased slightly overnight, holding steady at steady1.0708 in Asian trade. At 159.71 per dollar, the level of the yen is wary as the Japanese authorities are just shy of where they might buy the yen in January.
The Australian dollar fell 0.1 per cent to00.6640 and the New Zealand dollar similarly fell to00.6115, with small moves reflecting thin trade.
Citi said this week that etraders had traded volume on interbank FX about 30 percent lower than the 40-day average.
Sterling was stable at steady1.268, while bitcoin was trading below this60,000 this week at somewhat61,668.
Along with the yen, the Chinese yuan has also been squeezed by the stubborn strength of the dollar. China appeared to show some tolerance for cheaper currencies by gradually weakening the midpoint of the Renminbi’s daily trading range against the dollar.
Source: Reuters