The Japanese yen slipped against its key counterparts in the
European session on Monday, as Democratic candidate Joe Biden's
victory in the US presidential election helped ease some political
Biden topped the necessary 270 Electoral College votes, but
President Donald Trump is yet to concede he has lost the key
states. Analysts think that Trump's election lawsuits are unlikely
to pass legal muster.
Investors are pinning hopes that Biden would push through the
fiscal stimulus to get through the Covid-19 pandemic and signal a
more predictable approach to trade policy.
Preliminary data from the Cabinet Office showed that Japan's
leading index rose to the highest in over a year in September.
The leading index, which measures the future economic activity,
rose to 92.9 in September from 88.5 in August. Economists had
expected a reading of 88.6.
The yen fell to near 2-week lows of 123.20 against the euro and
115.34 against the franc, from its early highs of 122.66 and
114.62, respectively. If the currency falls further, 125.00 and
118.00 are possibly seen as its next support levels against the
euro and the franc, respectively. Reversing from its early highs of
79.08 against the loonie and 70.02 against the kiwi, the yen
slipped to a 4-day low of 79.70 and a 1-1/2-month low of 70.63,
respectively. The next possible support for the yen is seen around
81.00 against the loonie and 72.00 against the kiwi.
The yen edged down to 103.75 against the greenback, after rising
to 103.19 at 5:45 pm ET. On the downside, 105.00 is likely seen as
its next support level.
The yen held steady versus the aussie, after having fallen to
75.57 at 12:45 am ET, which was its weakest level since October 14.
The pair had closed Friday's deals at 75.02.
Australia building permits rose a seasonally adjusted 15.4
percent on month at 15,827.
Permits for private sector houses rose 9.7 percent to 10,238 and
permits for private sector dwellings excluding houses spiked 23.4
percent to 5,189. Meanwhile, the yen rebounded to 136.04 against
the pound, from a 5-day low of 136.61 seen at 2:30 am ET. The
currency is likely to find resistance around the 132.00 level.
NZD vs Yen (FX:NZDJPY)
から 12 2020 まで 1 2021
NZD vs Yen (FX:NZDJPY)
から 1 2020 まで 1 2021