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The greenback tumbled on Thursday while the appetite for the JPY is still high

22 Dec,2022
The greenback tumbled on Thursday while the appetite for the JPY is still high

The U.S. dollar slipped on Thursday, weighed by risk appetite, on the other hand the demand on the Japanese Yen is still high amid the new BOJ's policy surprise.

A drop in the dollar index that trace the U.S. dollar versus its major pairs by 0.4% at 103.460, nearing towards its lowest level in 6 months.

The greenback knocked off balance on Thursday as the appeal for taking risks grew post the release of optimistic data yesterday, that manifested that the December's U.S. consumer confidence jumped to its highest level in 8 months.

Investors are currently awaiting the U.S. GDP for the Q3, that is forecasted to steady at 2.9% and also the unemployment claims with projections that will nudge up a bit compared to the previous week.

EUR/USD advanced by 0.5% at 1.0655, boosted by bolstered sentiments.

USD/JPY slumped by 0.5% at 131.88, as JPY is staying close to its highest level in 4 months, following BOJ announcement for permitting the broaden of 10-year bond yield.

GBP/USD nudged up by 0.55 at 1.2144, ascending even post the release of data on Thursday that clarified that the economy in UK shrunk more than predicted in Q3.

 

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