Trading Cues: Kengo Suzuki and Mizuho Securities

trading cues: That compared with 117.90 late Friday in New York, according to Market Watch. We don't see fresh trading cues, said Kengo Suzuki, chief foreign-exchange strategist at Mizuho Securities. The U.S. currency USDJPY, -0.20% was trading at 117.18, after hitting an intraday low of 118. What we are seeing is profit-taking or adjustment ahead of Christmas and the year-end holiday season. The dollar has surged nearly 12% against the yen since then, moving to levels last seen in February. The trade has seen particular gains since President-elect Donald Trump unexpectedly won the race for the White House in early November. (news.financializer.com). As reported in the news.

The content, information, trademarks and multimedia posted on this blog copyrights to their original owners and herein blogged in good faith for the purpose of commentary, speech, opinion and debate.

financializer news

A weblog highlighting financial topics making news in the international media.