XE Currency Charts
Use standard writing style. Dollar, stabilizes above Nadir Abbas Jan 04,
XE Currency Charts
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Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website. Nadir Abbas Jan 04, This comment has already been saved in your Saved Items. Doc Ali Jan 04, Dollar pares gains vs. DXY largely muted ahead of key non-farm payrolls, Yen weakness on renewed U. Japanese Yen erases previous gain against U.
Dollar, stabilizes above Gold continues to trade higher on global growth concern, markets eye US non farm payroll Source: Nikkei trades steady after huge sell-off,good to sell on rallies Source: Sign in to receive realtime news.
Find a Top Broker. Dow Jones 30 CFD. Open An Account your capital is at risk. Boost WTI Oil NetDania does not guarantee the accuracy of data contained on this website, nor do we guarantee that data is real-time. Data on this website may be provided from OTC market sources and market makers, and not necessarily from exchanges. The financial crisis of brought additional strength to the Yen as investors began to view it as a safe-haven currency.
The Dollar-Yen rate finally bottomed out at around It has, however, remained below levels seen in the s and s. The Dollar-Yen rate will fluctuate based on the prices of imports and exports. But as one of the most industrialized nations in the world, Japan is also dependent on imports of commodities such as crude oil. The low interest rates in Japan have made the Yen extremely popular as a carry trade, so traders often sell the Yen to buy higher yielding currencies.
This frequent selling of the Yen has kept its value low. This makes it popular among traders because it often has a low bid-ask spread, and high liquidity. And with such a high volume of trades, it can be extremely volatile, which creates a range of exciting opportunities for traders to take advantage of rising and falling markets.
When you see the price increasing on the chart, it could mean one of three things. It could mean that the US Dollar is strengthening, that the Yen is weakening, or that both are happening simultaneously.
Whether you look at price patterns or fundamental news events, the chart can give you a sense of current trends. Find out the fundamentals that look likely to drive future price action. Japanese Yen Q1 Forecast: