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The US dollar continues to weaken against the Japanese yen: 29-07-2020

News Date: 29/7/2020 05:34:21

We start today’s events with the decline in crude oil futures for delivery in September by 0.10%, to be traded at $ 41.08 a barrel. It was previously traded at a low of $ 40.97 a barrel, while Brent crude futures rose 0.21%, to be traded at $ 43.70 a barrel.


Gold futures for August delivery fell 0.29%, to trade at $ 1950.20 an ounce. It was previously traded as low as $ 1943.20 an ounce, as it is expected that gold advances will find support points at $ 1863.10, and resistance points at $ 1974.70.


On the other hand, silver futures contracts for September delivery fell 0.07% to trade at $ 24.31 an ounce.


Because of the rise in the Japanese yen, Japanese stocks have deteriorated, as the Nikkei 225 index decreased by 1.15% to 22397.11 points, to close at the lowest level since the tenth of July, while the broader Topix index lost 1.28% to To 1549,04 points, which is also the lowest closing level in nearly two and a half weeks.

The demand for the Japanese yen started being a safe haven in light of the weakening dollar, as the Japanese yen pair rose against the US dollar to 104,955 dollars, the highest level in more than four months.

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