Category forex

Yen Weakens Against USD

Yen declines towards 162.00 vs USD The USD/JPY pair recovered from a two-week low of 160.50-160.45. The pair gained strong follow-through traction for the second straight day. Immediate market reaction was not available.

EUR/USD Faces Resistance

EUR/USD surpasses 38.2% Fibonacci retracement level The EUR/USD pair has managed to surpass the 38.2% Fibonacci retracement level of its downward move from the 1.1672 swing high to the 1.1324 low. The pair's recovery is facing resistance near the 1.1675 level and th