Japanese Yen Advances As China's Crackdown Worries Continue
26 Julio 2021 - 11:02PM
RTTF2
The Japanese yen climbed against its major counterparts in the
Asian session on Tuesday, as China's crackdown on a wider array of
companies continued to dampen risk sentiment.
China tightened regulations for food delivery platforms,
ensuring minimum wages.
Beijing also tightened grip on education tech sector, banning
tutoring for profit in core school subjects during the academic
year.
The Federal Reserve will begin its two-day meeting later today,
with investors seeking clues on the timing of tapering the stimulus
program.
Powell may indicate that although a discussion on tapering has
begun, it's too early to signal a specific date.
The yield on U.S. 10-year treasury note dipped to a record low
on Monday, reflecting worries about the spread of the delta
coronavirus variant.
U.S. corporate earnings also remain on investors' minds, with
Google's parent Alphabet, Apple and Microsoft due to report their
earnings later today.
The yen rose to 120.03 against the franc and a session's high of
129.68 against the euro, off its prior lows of 120.55 and 130.30,
respectively. The yen is likely to find resistance around 116
against the franc and 127.00 against the euro.
The yen moved up to a 6-day high of 87.43 against the loonie and
a 4-day high of 110.10 against the greenback, after falling to
88.02 and 110.39, respectively in early trading. Next key
resistance for the currency is seen around 85.5 against the loonie
and 108.00 against the greenback.
The Japanese currency rebounded from its early lows of 81.51
against the aussie and 77.29 against the kiwi and gained to 80.82
and 76.55, respectively. The yen is seen finding resistance around
78.00 against the aussie and 73 against the kiwi.
The yen edged up to 151.78 against the pound, following a
session's low of 152.58 seen at 5:45 pm ET. On the upside, 147.00
is possibly seen as its next resistance level.
Looking ahead, U.S. durable goods orders for June, Federal
Housing finance agency's U.S. house price index and
S&P/Case-Shiller home price index for May and consumer
confidence index for July will be featured in the New York
session.
Sterling vs Yen (FX:GBPJPY)
Gráfica de Divisa
De Feb 2024 a Mar 2024
Sterling vs Yen (FX:GBPJPY)
Gráfica de Divisa
De Mar 2023 a Mar 2024