Previous close | 153.6790 |
Open | 153.6780 |
Bid | 152.9490 |
Day's range | 151.8530 - 153.7170 |
52-week range | 133.7520 - 159.9610 |
Ask | 152.9970 |
The USD has fallen hard during the week and is now testing a major support region. This is a move mainly driven by the Bank of Japan intervention that has happened. However, there is a major list of reasons to think this trend will continues eventually.
The Non-Farm Payroll announcement came out lower than expected, as the markets continue to jump back and forth due to the expectations of the interest rate decisions from Washington.
The Bank of Japan may have intervened in this pair, but at the end of the day, there is very little they can do to change the trend, only being able to slow it down.