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The US dollar rallied during the trading session on Wednesday, as we continue to see the Japanese yen get hammered.
The British pound has gone back and forth against the Japanese yen during the trading session on Wednesday, as we continue to attempt to build up enough momentum to go higher.
The US dollar continues to power higher against the Japanese yen, as we are breaking above the ¥136 level yet again.
The British pound continues to grind higher against the Japanese yen due to the fact that the Bank of Japan is doing everything it can to drive down bond yields. As long as that’s the case, we should continue to go higher.
The US dollar initially fell during the trading session on Monday but continues to find support below the ¥135 level.
The British pound has gone back and forth during the Monday session against the Japanese yen, as we continue to see pressure billed to the upside overall.
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The US dollar initially rallied during the trading week, breaking above the ¥136.50 level. The candlestick for the week does look a bit like a shooting star, so perhaps we are getting ready for some type of pullback or consolidation.
The British pound initially shot higher against the Japanese during the course of the week, but then pulled back to show signs of exhaustion.
The US dollar dipped against the Japanese yen on Friday but found support below the ¥135 level again. This suggests that perhaps the market is ready to continue the overall uptrend.
The British pound has fallen to test the ¥165 level during the trading session on Friday but then turned around to rally a bit to show signs of life.
* U.S. jobless claims fall, but slowdown emerging * Fed's Powell speaks before Congress for 2nd day * European PMIs come in softer than expected (Adds comments, U.S. data, FX table, byline, updates prices) By Saikat Chatterjee and Gertrude Chavez-Dreyfuss LONDON/NEW YORK, June 23 (Reuters) - The euro fell across the board on Thursday as weaker-than-expected German and French PMI data confirmed that the euro zone economy is struggling to gain traction, prompting traders to trim bets on big interest rate hikes from the European Central Bank. Following the data, money markets priced in about 30 basis points (bps) of rate hikes in July compared to 34 bps on Monday.