Japanese Yen Advances Amid Risk Aversion
The Japanese yen climbed against its major counterparts in the
European session on Wednesday, amid a drop in European shares in
the wake of renewed tensions between U.S. and China, mixed earnings
results and indications of widening of a crackdown from
U.S. regulators banned China Telecom's American subsidiary from
conducting operations in the country, citing national security
The Federal Communications Commission said that the firm's
ownership and control by the Chinese government raises security
risks by allowing Beijing "to access, store, disrupt, and/or
misroute US communications" and "engage in espionage and other
harmful activities against the United States".
Chinese authorities asked Evergrande Group's founder Hui Ka Yan
to use his personal wealth to meet the firm's debt obligations.
Traders awaited policy announcements from the European central
bank and the Bank of Canada for policy clues in the wake of growing
The Bank of Japan will end its two-day meeting on Thursday, with
traders expecting it to maintain massive stimulus.
The yen rose to near 2-week highs of 131.58 against the euro,
155.79 against the pound and 91.38 against the loonie, off its
early lows of 132.53, 157.27 and 92.20, respectively. The yen is
poised to challenge resistance around 130.00 against the euro,
153.00 against the pound and 90.00 against the loonie.
The yen touched 2-day highs of 81.01 against the kiwi, 113.54
against the greenback and 85.05 against the aussie, up from its
prior lows of 81.90 and 114.22 and a 6-day low of 86.06,
respectively. Next key resistance for the yen is seen around 80.00
against the kiwi, 110.00 against the greenback and 82.00 against
The yen reversed from an early low of 124.22 against the franc,
with the pair trading at 123.58. If the yen rises further, 120.5 is
likely seen as its next resistance level.
Looking ahead, Chancellor Rishi Sunak will present his Autumn
Budget at 8:30 am ET.
U.S. durable goods orders and wholesale inventories for
September will be out in the New York session.
The Bank of Canada will announce its interest rate decision at
10:00 am ET. The BoC is widely expected to keep its policy rate
steady at 0.25 percent.
AUD vs Yen (FX:AUDJPY)
から 10 2021 まで 11 2021
AUD vs Yen (FX:AUDJPY)
から 11 2020 まで 11 2021