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Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
 - EconoTimes)
Today dollar is taking a breather against all the majors (EUR, GBP, CHF, and JPY) after US dollar index reached an intraday high above 100 mark. This week's performance at a glance in chart and table -
- Euro is showing some signs of support after weeklong fall against dollar. Today's positive inflation data across Europe provided some support. However Industrial production deteriorated by 0.1% mom. Greek unemployment edged up at 26.1%. Euro is currently trading at 1.062, up by 0.72% for the day. Sellers are still emerging at rallies. Immediate Support lies at 1.05, 1.035 & Resistance 1.072.
- Pound continues to be worst performer today after key level got broken at 1.50. Trade balance showed improvement but deficit still at £-0.61 billion Pound is currently trading at 1.495. Immediate Support lies at 1.485 & Resistance 1.505.
- Yen has failed to gain as risk aversion abated and equities across globe moved to positive territory. However the currency remained stable over intraday. Yen is trading at 121.1; up by 0.2% in today's trading. Immediate Support lies at 119.5 & Resistance 122.
- Franc is top performer today and gained sharply over broad based us dollar selloff gathered pace. Franc is currently trading at 1.001, after touching an intraday high of 1.013. Immediate Support lies at 0.986 & Resistance 1.02.
|
Euro |
-1.81% |
|
Pound |
-0.60% |
|
Frank |
-0.60% |
|
Yen |
-0.33% |
