Yen Gains Ground as Dollar Weakens, Focus on Fed Powell’s Jackson Hole Speech This Week

Yen is showing broad-based strength in today’s Asian session, particularly against the generally weakening Dollar. This move has also put pressure on the Nikkei, which turned lower as Yen gained momentum. While there’s no clear catalyst for these movements, it appears that Yen’s recent pullback may have run its course. Meanwhile, Dollar continues to extend […] The post Yen Gains Ground as Dollar Weakens, Focus on Fed Powell’s Jackson Hole Speech This Week appeared first on Action Forex.

Aug 29, 2024 - 19:26
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Yen Gains Ground as Dollar Weakens, Focus on Fed Powell’s Jackson Hole Speech This Week

Yen is showing broad-based strength in today’s Asian session, particularly against the generally weakening Dollar. This move has also put pressure on the Nikkei, which turned lower as Yen gained momentum. While there’s no clear catalyst for these movements, it appears that Yen’s recent pullback may have run its course. Meanwhile, Dollar continues to extend […]

The post Yen Gains Ground as Dollar Weakens, Focus on Fed Powell’s Jackson Hole Speech This Week appeared first on Action Forex.

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