Yen surges to a seven-month high

By X-blogger - on August 6, 2024

A surge in the yen to a seven-month high led a broad dollar fall, as a slew of economic data last week raised the prospect of a U.S. economic downturn and bigger interest rate cuts from the Federal Reserve. The dollar index was down to its weakest since January 12.

The last session saw the Dollar drop 0.9% against the Yen. According to the Stochastic-RSI, we are in an oversold market.
The last session saw USD drop 0.9% against JPY.
The Stochastic-RSI is signalling an oversold market.
Support: 144.4833 | Resistance: 147.1833

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