USD/JPY drops to 103.90, down 0.13% intraday, as markets in Tokyo open for Monday’s trading. In doing so, the risk barometer pays a little heed to the recently improved market sentiment after Japan’s Tankan data for the fourth quarter (Q4) marked upbeat figures.
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During Wednesday’s interview on Bloomberg, Morgan Stanley’s Chief Investment Officer (CIO) Mike Wilson said that the market is overbought and the market is probably a little bit overvalued quite frankly because interest rates now are finally starting to catch up.
USD/CAD stays depressed near 1.2985, down 0.05% intraday, ahead of Monday’s European session. In doing so, the pair benefits from the broad US dollar weakness while ignoring Canada’s extension of the coronavirus (COVID-19)-led restrictions. Additionally, the recent weakness in oil prices, Canada’s biggest exports, also couldn’t defy the sellers.
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The Turkish lira (TRY) fell to 7.5112 per US dollar early Friday, its highest level since Sept. 25.
Vancouver, Canada – As the world is beginning to gain pace with respect to rising demands in the global marketplace, Infratrader emerges once again as the one-stop-shop for commodities broking services.
USD/CAD trades near the point of the 1.3100 level in early European trading, easing off the six-day highs reached at 1.3170 during late-Asia.