USDJPY continues to maintain its strong position at a high level, reaching a trading threshold around the price of 149.38 USD.
The DXY has risen to nearly 106.30 despite a decrease in consumer confidence in September. The United States Conference Board reported on Tuesday that consumer confidence in the US economy has declined across all age groups. Psychological data dropped to 103.0 in September compared to August's 108.7 level. Households seem concerned about difficult consumer inflation, political instability, and higher interest rates, which could potentially impact this currency pair and cause them to decline.
In my personal opinion, there may be a slight adjustment but don't worry too much as it could just be a minor correction while UJ itself is still demonstrating its resilient strength at high levels.
The DXY has risen to nearly 106.30 despite a decrease in consumer confidence in September. The United States Conference Board reported on Tuesday that consumer confidence in the US economy has declined across all age groups. Psychological data dropped to 103.0 in September compared to August's 108.7 level. Households seem concerned about difficult consumer inflation, political instability, and higher interest rates, which could potentially impact this currency pair and cause them to decline.
In my personal opinion, there may be a slight adjustment but don't worry too much as it could just be a minor correction while UJ itself is still demonstrating its resilient strength at high levels.
