Title : USDJPY Forex Trading Signals Setups
link : USDJPY Forex Trading Signals Setups
USDJPY Forex Trading Signals Setups
* Dollar turns direction vs yen to trade lower
* Investors await Fed's Yellen congressional evidence
* U.S. customer inflation data due on Friday
* Graphic: World FX rates in 2017 http :// tmsnrt.rs/ 2egbfVh
( Updates throughout )
By Saqib Iqbal AhmedNEW YORK, July 11( Reuters)- The dollar fell to a more than
one-week low against a basket of major currencies on Tuesday ,
after U.S. President Donald Trump's eldest son liberated an email
chain citing Russian support for his father before last year's
U.S. election .
Donald Trump Jr. was told a Russian lawyer was offering
his father's presidential campaign incriminating report
about Democratic competitive Hillary Clinton as part of Russian
government support, according to an email chain that he liberated
on Tuesday.[ nL1N1K209P ]
" At the very least, these kinds of headlines play up
concerns about dysfunction in Washington and the incapacity of
this administration to pass any meaningful legislation ,
particularly relevant to fiscal stimulus ," suggested Omer Esiner ,
chief sell specialist at Commonwealth FX in Washington .
U.S. Senate Republican leader Mitch McConnell said on
Tuesday that the Senate would vote on a invoice to roll back
Obamacare next week and then move on to other legislative
business.[ nW1N1HW027 ]
The dollar index <.DXY>, which tracks the greenback against
six major contenders, became negative on the working day to trade down 0.28
percent at 95.751, after hitting 95.651, its lowest since July
3 .
Investors are waiting for U.S. Federal Reserve Chair Janet
Yellen's semiannual monetary policy witnes before Congress on
Wednesday and U.S. buyer inflation data on Friday .
Meanwhile, Fed Governor Lael Brainard said the Fed should
soon begin reducing its balance sheet, as long as economic data
on U.S. jobs and raise harbours up. Once balance sheet reduction
is under way, she will assess inflation before deciding on
further interest rates rises, she answered.[ nL1N1K10X8 ]
The greenback, which touched a four-month high-priced against the
Japanese yen earlier in the session stimulation by the recent rise
in U.S. government bail yields, overruled track to drop 0.16
percent to 113.85 yens. The euro rose to a 14 -month high of
$1.1479.
The Canadian dollar slipped against its U.S .
counterpart as merchants awaited an interest rate hike decision by
the Bank of Canada on Wednesday.[ nL1N1K20F4 ]
The greenback gained against the New Zealand dollar
as rising U.S. harvests, soft commodity prices and a disappointing
report on domestic charge card expend transported investors fleeing
kiwi resources .
Sterling fell to an eight-month low-grade against the euro after
the Bank of England Deputy Governor Ben Broadbent decreased to
back up recent hints from other policymakers at the central bank
that suggested it may be moving toward heightening interest rates .
[ nL4N1K240R ]