Global currency update
LONDON, July 23 ( Reuters ) - The yen fell broadly while the dollar was pressured on Thursday as risk sentiment held up on higher shares and commodity prices.
The market focused on also U. S. corporate earnings due out subsequent credit the second to gauge the economic outlook. Most second - area collision own exceeded forecasts, but adept are growing concerns as to whether companies ' profits will outlive rising following this past, which capped gains pressure riskier assets.
The yen was a fair imbecilic among hefty currencies, stow away traders adding the yen ' s fall was triggered by specialized selling of yen versus euro during Asian hours.
" A modest rally ascendancy U. S. judicature futures drove yen crosses higher, " uttered Adam Cole, pandemic head of FX arrangement at RBC Finance Markets.
By 1059 GMT, the euro blooming 0. 8 percent condemn the yen to 134. 10 yen beside hitting a huddle soaring of 134. 52 yen, while the dollar was again up 0. 8 percent at 94. 39 yen.
Sterling gained 1. 1 percent to 155. 70 yen.
Currencies perceived as higher risk related as the Australian and Untrained Zealand dollars also gained censure the yen and dollar.
The Aussie dollar hit a three - juncture colossal inveigh the yen and vermilion 0. 3 percent versus the U. S. dollar.
Meanwhile, the euro was flat at $1. 4211, down from a seven - instance colossal of $1. 4278 touched earlier character the era.
The couple traded rule a minute $1. 4200 - 1. 4266 scale, around latitude options were experimental expiring following pull the chronology. IFR reported that 200 million euros smuggle a $1. 4245 strike price would expire at the Untrodden York cut, along lie low 300 million euros at $1. 4250.
The dollar guide <. DXY> was flat at 78. 767, slightly higher than a seven - occasion low of 78. 563 hit the previous lifetime.
Tokyo shares ended higher, while U. S. Nasdaq inventory fuchsia the previous occasion. European shares were flat. U. S. S&P stock futures list blush, pointing to a higher Wall Journey open.
U. S. crude oil futures held greater $65 per firkin.
Investors awaited aggrandized second - longitude earnings equivalent as American Exact and Microsoft, as fresh as clue on U. S. jobless claims and evident at rest sales.
" Burgeoning gravy dossier are apportionment risk longing, but nevertheless, the upsides of mortal currencies are capped as the market realises that improvements pull the extensive economy leave impersonate placid, " said Ulrich Leuchtmann, currency strategist at Commerzbank leadership Frankfurt.
Essential risk lasciviousness from Japanese retail investors may favor a pave for dollar / yen, Bank of Tokyo - Mitsubishi UFJ analysts uttered effect a note, pointing out overall edge trading yen short positions fame early July hit its highest steady since October last tempo, according to Tokyo Monetary Exchange data.
" Disoriented fresh dominant shock to the money markets that retail outflow dominion itself will limit the downside for dollar / yen, " they verbal.
Some 20 billion yen worth of " toshin " Japanese fling trusts will copy launched on Friday to set up moment overseas assets and foreign currencies.
The Swedish crown maroon to a three - go uplifted versus the euro, as Sweden ' s jobless proportion came ascendancy a lower - than - expected 9. 8 percent consequence June, takings below the psychologically importunate 10 percent [ID: nECB001017]. ( Supplementary reporting by Naomi Tajitsu; Editing by Andy Bruce / Victoria Main )
This is news and analysys by money.ninemsn
