- The US dollar tumbled Thursday, the DXY fell 0.60%.
- The USD / JPY clears weekly earnings, moves away from 109.00.
The USD / JPY pair fell further during the US session despite the Wall Street rally. He printed a new four-day low at 108.35 and remains near the bottom under pressure. On Thursday, the greenback fell sharply.
The Federal Reserve has announced new facilities to provide $ 2.3 trillion in loans to small businesses and municipalities, triggering a rally on Wall Street and the fall of the US dollar. The Dow Jones is up 1.50% and the Nasdaq is 0.45%. Prior to the announcement, the futures for both indices were in negative territory.
Economic data has shown that initial demand from the United States remains at extremely high levels and a drop in consumer confidence larger than expected. The figures had no impact on prices as market participants continue to focus on recent developments.
The DXY fell by 0.60%, trading around 99.50. At the same time, US yields remain relatively stable despite all the action. The decline in the greenback is even more pronounced against the currencies of emerging markets. The yen is generally lower overall due to risk appetite, but losses have so far been moderate.