Yen Advances Amid Rising Risk Aversion
2019年8月12日 - 12:01PM
RTTF2
The Japanese yen strengthened against its major counterparts in
the Asian session on Monday, as most Asian shares fell amid growing
worries about rising U.S.-China trade tensions and its impact on
global economic growth after U.S. President Donald Trump warned
that planned trade talks with China in September could be called
off.
Trump said Friday that Washington was prepared to cancel trade
talks with China, escalating fears over a trade war.
Trump also said the U.S. is "not going to do business" with
Chinese tech giant Huawei.
The new interim rule forbids the US government agencies from
purchasing equipment from Huawei and other specified Chinese
companies.
The yen appreciated to 105.31 against the greenback and held
steady thereafter. The yen is seen finding resistance around the
104.00 level. The yen strengthened to 118.00 against the euro, a
weekly high. On the upside, 117.00 is possibly seen as the next
resistance level for the yen.
The yen spiked higher to 126.54 against the pound, its strongest
since October 2016. The yen is likely to find resistance around the
124.00 level, if it rises further.
The yen edged up to 108.37 against the Swiss franc, from an
early low of 108.66, and held steady thereafter. Next possible
resistance for the yen is seen around the 106.00 level.
The yen that closed Friday's trading at 79.92 versus the loonie
advanced to 79.66. The next possible resistance for the yen is
likely seen around the 77.5 level.
On the flip side, the yen retreated to 71.69 against the aussie
and 68.31 against the kiwi, from its early 5-day highs of 71.38 and
67.92, respectively. The yen is likely to face support around 75.00
against the aussie and 71.00 against the kiwi.
Looking ahead, U.S. budget statement for July is due in the New
York session.
NZD vs Yen (FX:NZDJPY)
FXチャート
から 3 2024 まで 4 2024
NZD vs Yen (FX:NZDJPY)
FXチャート
から 4 2023 まで 4 2024