Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
9 Jan 2020

USD/JPY trades in upper half of daily range near 109.50

  • US Dollar Index sticks to gains near 97.40.
  • Fed's Clarida doesn't think a recession is imminent.
  • Wall Street opens higher on easing geopolitical tensions.

The USD/JPY pair continues to trade in the upper half of its daily range near 109.50 area on Thursday supported by broad-based USD strength and the upbeat market mood. As of writing, the pair was up 0.33% on the day at 109.48.

Major European equity indexes remain on track to register solid daily gains on the back of the relief-rally that was triggered with easing geopolitical tensions in the Middle East. Furthermore, Wall Street's main indexes started the day sharply higher to reflect the positive market sentiment. At the moment, both the Dow Jones Industrial Average and the S&P 500 are up 0.5% on the day.

US Dollar Index edges higher ahead of NFP

On the other hand, the US Dollar Index is clinging to its daily gains to help the pair stay in the positive territory. While speaking at an event in New York on Thursday, Federal Reserve Vice Chairman Richard Clarida said that there was no reason to expect the economic expansion wouldn't continue at its current rate and noted that he didn't think a recession was imminent. 

In the meantime, the only data from the US revealed that weekly Initial Jobless Claims fell to 214,000 from 223,000 to provide additional support to the USD. As of writing, the US Dollar Index is up 0.13% on the day at 97.44.

There won't be any other macroeconomic data releases from the US in the remainder of the day. In the Asian session, the Coincident Index and the Leading Economic Index from Japan will be looked upon for fresh impetus ahead of the Nonfarm Payrolls report from the United States.

Technical levels to watch for

 

Jan 9, 2020

EUR/USD Price Analysis: Euro bears nearing 1.1100 level in the New York session

The market is pulling back down below the 200-day simple moving average (SMA) as the market is easing from the December 2019 highs.
Read more Previous
Jan 9, 2020

Wall Street opens at fresh all-time highs as risk rally continues

Major equity indexes in the United States opened the day at fresh record highs on Thursday as risk-on flows continue to dominate the markets amid easi
Read more Next