The dollar rose to a six-year high against the yenThe dollar rose to a six-year high against the yen today while the Australian dollar plunged as US Treasury yields continue to rise on increasing market expectations regarding an interest rate rise by the Federal Reserve. Usd/jpy gains around 0.45% today reaching 106.77 while the aud/usd lost 0.65%. On another front, rumours about another poll regarding Scotland’s independence sent the pound violently lower, reaching 1.6050 but it quickly recovered when it was revealed that it was just a web poll which was answered by few people. Eur/usd is stable today, trading around opening levels as traders’ attention is elsewhere.
Price has broken important support at 0.9210 and looks heavy. A retracement to around 0.9200 could attract more sellers while there isn’t any strong support until 0.8980-0.9000.
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