Japanese Yen Higher On Delta Virus Fears
20 Luglio 2021 - 11:13AM
RTTF2
The Japanese yen strengthened against its major rivals in the
European session on Tuesday, as concerns about the spread of the
Delta variant of the coronavirus across the globe lifted the appeal
of the safe-haven assets.
A spike in new infections of the Delta variant in Asia, Europe
and the U.S. stocked worries about more shutdowns and other
restrictions, which could derail the economic recovery.
With just three days left for Tokyo Games, new coronavirus cases
are being found among athletes and non-athletes in the Olympic
Village.
U.S. officials warned that local restrictions may have to be
re-imposed to curb the outbreak of the Delta variant.
Data from the Ministry of Internal Affairs and Communications
showed that Japan overall inflation climbed 0.2 percent on year in
June.
That was in line with expectations following the 0.1 percent
decline in May.
The yen rose to 109.33 against the greenback and 118.96 against
the franc, after falling to 109.75 and 119.48, respectively in
early deals. The yen is seen finding resistance around 106.00
against the greenback and 116.5 against the franc.
The yen spiked up to near a 4-month high of 148.94 against the
pound, while reaching 128.88 against the euro, which was its
strongest level since March 29. If the yen rises further, 145 and
125 are possibly seen as its next resistance levels against the
pound and the euro, respectively.
The yen held firm at 85.77 against the loonie and 80.15 against
the aussie. The currency is poised to find resistance around 84
against the loonie and 78 against the aussie.
The yen jumped to more than a 5-month high of 75.44 against the
kiwi in the Asian session and has stabilized around 75.55. The pair
was worth 75.96 at Monday's close.
Grafico Cross NZD vs Yen (FX:NZDJPY)
Da Giu 2024 a Lug 2024
Grafico Cross NZD vs Yen (FX:NZDJPY)
Da Lug 2023 a Lug 2024