2024-11-07 22:03

IndustryAsian Forex Market reacts to U.S Election
In Asia, forex markets are reacting to various geopolitical and economic events with caution. Asian currencies and indices are showing mixed performance, heavily influenced by uncertainty around the U.S. presidential election results. For instance, the Hong Kong Hang Seng index and Japan's Nikkei index both experienced notable fluctuations. Investors are concerned about how potential shifts in U.S. policy could impact trade and economic ties, particularly with China. The Japanese yen has also been volatile, recently depreciating against the U.S. dollar, with USD/JPY trading close to 152. Key support and resistance levels are around 151.60 and 153.90, respectively, as the yen continues to feel the impact of low interest rates and Japan’s accommodative monetary policy. Overall, Asian forex markets remain cautiously optimistic, though high volatility is expected to persist until clearer indications emerge from the U.S. election and subsequent policy directions.
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Asian Forex Market reacts to U.S Election
| 2024-11-07 22:03
In Asia, forex markets are reacting to various geopolitical and economic events with caution. Asian currencies and indices are showing mixed performance, heavily influenced by uncertainty around the U.S. presidential election results. For instance, the Hong Kong Hang Seng index and Japan's Nikkei index both experienced notable fluctuations. Investors are concerned about how potential shifts in U.S. policy could impact trade and economic ties, particularly with China. The Japanese yen has also been volatile, recently depreciating against the U.S. dollar, with USD/JPY trading close to 152. Key support and resistance levels are around 151.60 and 153.90, respectively, as the yen continues to feel the impact of low interest rates and Japan’s accommodative monetary policy. Overall, Asian forex markets remain cautiously optimistic, though high volatility is expected to persist until clearer indications emerge from the U.S. election and subsequent policy directions.
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