The USD/JPY ends Wednesday session with an incline

By @ibtimes on



The Wednesday session has witnessed an important fundamental data about the world's largest economy, where the US economy released its ADP employment report showed that U.S. private employers added 201,000 jobs in March, less than expectations that estimated of 08,000 added jobs, pushed the pair to decline which recorded a low of 82.75.

Moreover, the greenback rose against the Japanese yen with the beginning of Thursday session, as the expectations indicated that Asian stock markets will extend a global rally, pushing the investors to sell the yen, reducing demand for safe haven currencies such as the yen.

The pair ended Monday session at 83.31 recorded the highest at 83.20, while the daily and four hours momentum indicators show the pair in an overbought area.


The pair has recorded a new several years high at 1.0312 on Wednesday session, before Australian report today forecast to show the economy is expanding. The Australian dollar started today's session with an incline against its all major counterparts, as the retail sales rose 0.5% more than expectations, supporting the pair to increase.

The pair closed yesterday's session at 1.0315, which recorded a high of 1.0336 and a low of 1.0268, whereas the daily and four hours momentum indicators show the pair in an overbought area.


The NZ dollar recorded the highest level in more than 4 weeks, supported by Aussie's upside movement, as the relationship between the two currencies.

The NZD/USD ended Wednesday session at 0.7612, recorded the highest level at 0.7635, and the lowest level at 0.7545.

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