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The Dollar-Yen exchange rate has edged higher to 105.55 over recent sessions, but the Yen remains favoured according to technical studies by Richard Perry of Hantec Markets.
October 20,2020
The Dollar-Yen exchange rate is at 105.39 at the start of the new week with the exchange rate retaining a narrow multi-day range. Analyst Richard Perry of Hantec Markets says technical studies suggest any short-term strength is an opportunity to sell.
October 19,2020
The Dollar-Yen exchange rate failed to breach above 106 and has since retreated lower to current levels around 105.25. Analyst Richard Perry of Hantec Markets says technical signals point to downside pressure targeting the 104.90 October low.
October 16,2020
The Dollar-Yen exchange rate experienced a sizeable 0.35% decline on Wednesday, taking the pair to 105.90 at the time of publication. Analyst Richard Perry of Hantec Markets says intraday strength is seemingly now a chance to sell.
October 15,2020
The Japanese Yen was unable to resist the broad-based comeback in the Dollar over the course of the past 24 hours, resulting in a move that leaves the Dollar-Yen exchange rate looking to reestablish its downtrend.
October 14,2020
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