Dollar Weakens, Yen Strengthens, and Nikkei's New Highs - Action Forex
Dollar's selloff intensified in today's Asian session, underpinned by strong risk-on sentiment prevalent in the market. This move was particularly evident in USD/JPY, which saw broke through an important near-term support level around the 149 mark, signaling the prospect for further decline. Yen's strength was mirrored by Chinese Yuan, while the Australian and New Zealand Dollars emerged as the strongest performers in the current environment so far. In contrast, Euro and Canadian Dollar, despite making noticeable gains against Dollar, ranked as the second and third weakest major currencies. Sterling and Swiss Franc, meanwhile, showed mixed performance.
Dollar's selloff intensified in today's Asian session, underpinned by strong risk-on sentiment prevalent in the market. This move was particularly evident in USD/JPY, which saw broke through an important near-term support level around the 149 mark, signaling the prospect for further decline. Yen's strength was mirrored by Chinese Yuan, while the Australian and New Zealand Dollars emerged as the strongest performers in the current environment so far. In contrast, Euro and Canadian Dollar, despite making noticeable gains against Dollar, ranked as the second and third weakest major currencies. Sterling and Swiss Franc, meanwhile, showed mixed performance.
