- Analytics
- News and Tools
- Market News
- Asian session: Swiss franc elevated on economy fear, yen on BOJ watch
Asian session: Swiss franc elevated on economy fear, yen on BOJ watch
Data released:
05:00 Japan Leading indicators composite index (June) preliminary 103.2 103.4 99.6
05:00 Japan Coincident indicators composite index (June) preliminary 108.6 - 106.3
The Swiss franc hit a fresh record high against the euro on Friday.
A strongly risk-averse mood supported the Swiss franc, although comments by Switzerland's central bank chief saying he will not accept a further appreciation in the Swiss franc without acting, sapped some of its momentum.
The yen edged higher and pulled away from a three-week low hit the previous day after Japan's yen-selling intervention, but concerns that Japan could intervene again limited the currency's gains.
Even if Japan were to intervene again, market players said it could be hard for the dollar to rise above the Y80 to Y82 area, where dollar-selling interest from Japanese exporters is likely to be strong.
EUR/USD rose from $1.4070 to $1.4180.
GBP/USD recovered from $1.6244 to $1.6305/10.
USD/JPY set stable around Y78.30/40 after it earlier spiked to Y79.40.
Germany's Industrial Production comes at 10:00 GMT.
But the main event of the day is scheduled to release at 12:30 GMT - US non-farm Payrolls.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
