Dips Present but USD/JPY Keeps Steady

Due to a more optimistic mood in the market, the USD/JPY declined slightly and had only very small losses of 0.01% in North America’s trading session – this caused it to reach 127.84 on Monday. There have been further encouraging signs, with US equity gains of up to 1.90% observed.

The US Dollar Index is a measure of USD’s worth compared to a number of peers. This index has fallen 0.87% and has been sitting around the 102.000 spot. But the climb in US Treasury yields seems to have halted this particular drop.

Monday’s Asian trading session saw the USD/JPY open around 127.90, before falling to 127.31.

Currencies that are susceptible to risk (e.g., GBP, NZD etc) may be benefitting from Forex markets with a strong presence of risk appetite.