- Analytics
- News and Tools
- Market News
- Asian session review: the yen rose to a six-month high against the dollar
Asian session review: the yen rose to a six-month high against the dollar
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 00:30 | Australia | Retail Sales, M/M | January | -0.5% | 0% | -0.3% |
| 01:00 | U.S. | FOMC Member Kashkari Speaks | ||||
| 01:45 | U.S. | FOMC Member Williams Speaks | ||||
| 05:00 | Japan | Leading Economic Index | January | 91.0 | 91.9 | 90.3 |
| 05:00 | Japan | Coincident Index | January | 94.4 | 94.2 | 94.7 |
| 07:00 | Germany | Factory Orders s.a. (MoM) | January | -2.1% | 1.4% | 5.5% |
During today's Asian trading, the yen rose to its highest level in the last six months against the US dollar, while the yield on 10-year us government bonds updated the historical minimum.
Investors prefer to transfer funds to safe assets, which traditionally include government securities and the Japanese yen, amid uncertainty about the development of the situation with the coronavirus and its impact on the world economy, experts say.
Analysts at Goldman Sachs believe that in the event of a global panic in the markets due to COVID-19, the dollar may fall to 95 yen - a level that was last seen in 2013. In their view, the Japanese currency remains "one of the few classic "safe haven" assets that remain undervalued."
The ICE Dollar index, which shows the value of the dollar against six major world currencies, fell 0.27% compared to the previous day.
© 2000-2025. 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
