{"id":90026,"date":"2016-05-20T05:15:55","date_gmt":"2016-05-20T09:15:55","guid":{"rendered":"http:\/\/countingpips.com\/?p=90026"},"modified":"2016-05-20T05:15:55","modified_gmt":"2016-05-20T09:15:55","slug":"usdjpy-edges-back-above-110-yen","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/usdjpy-edges-back-above-110-yen\/","title":{"rendered":"USDJPY edges back above 110 yen"},"content":{"rendered":"<div id=\"inves-2058038256\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 20, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The US dollar is on track for a third week of gains, helped higher by Fed rate hike expectations as soon as next month. After a hawkish FOMC minutes that was released on Wednesday, New York Federal Reserve President William Dudley on Thursday said the U.S. economy could be strong enough to warrant a rate increase in June or July.<\/p>\n<p>His comments reinforced surprisingly clear signals of a possibly imminent rate hike in minutes of the Federal Reserve\u2019s April policy meeting and underpinned an already-firm greenback.<\/p>\n<p>The US dollar index held at its highest in nearly two months against a basket of major currencies in Asian trading on Friday.<\/p>\n<p>USDJPY reached a three-week high of 110.39 on Thursday but eased slightly by early Friday as weakness on Wall Street, hit by revived prospects of a near-term U.S. rate hike, shored up the safe-haven yen.<\/p>\n<p>EURJPY eased to 123.22, though it remained tightly range-bound since bouncing off a three-year trough of 121.48 early this month.<\/p><div id=\"inves-1276240548\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>EURUSD hovered around $1.1200, having touched its lowest in over seven weeks at $1.1180.<\/p>\n<p>GBPUSD reached a two-week high of $1.4663 and was last at $1.4598.<\/p>\n<p>AUDUSD stood little changed at $0.7233 after briefly dipping below 72 U.S. cents for the first time since early March.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The US dollar is on track for a third week of gains, helped higher by Fed rate hike expectations as soon as next month. After a hawkish FOMC minutes that was released on Wednesday, New York Federal Reserve President William Dudley on Thursday said the U.S. economy could be strong enough to [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-90026","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=90026"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90026\/revisions"}],"predecessor-version":[{"id":90044,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/90026\/revisions\/90044"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=90026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=90026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=90026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}