Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
18 Feb 2020

USD/JPY recovers modestly to 109.80 after upbeat US data

  • US Dollar Index advances to fresh multi-month highs above 99.40.
  • Empire State Manufacturing Index rises sharply to help USD gather strength.
  • Wall Street remains on track to open in negative territory.

The USD/JPY rose modestly in the last hour as the upbeat data from the US provided a boost to the greenback. As of writing, the pair was trading at 109.83, erasing 0.05% on a daily basis.

The data published by the Federal Reserve Bank of New York on Tuesday showed that the General Business Conditions Index of the Empire State Manufacturing Survey rose to 12.8 in February from 4.8 in January to beat the analysts' estimate of 5 by a wide margin.

With the initial market reaction, the US Dollar Index, which tracks the buck's performance against a basket of six major currencies, climbed to its highest level since the first day of October. At the moment, the index is up 0.33% on the day at 99.47.

Eyes on Wall Street

Despite the board USD strength, the risk-off atmosphere seems to be forcing the pair to stay in its daily trading range. The 10-year US Treasury bond yield is down 1.7% on the day and Wall Street's main indexes look to start the day in the negative territory.

Heightened worries over the potential negative impact of the coronavirus outbreak on US corporations after Apple said it might miss Q1 sales targets amid production disruptions and store closures are likely to weigh on the US stocks on Tuesday.

Technical levels to watch for

 

Feb 18, 2020

USD/CHF surges to 2-month tops, inching closer to mid-0.9800s

The USD/CHF pair caught some fresh bids during the early North-American session and jumped to near two-month tops, around the 0.9840 region in the las
Read more Previous
Feb 18, 2020

Gold firmer, near $1,600/oz on coronavirus fears

Renewed fears around the Chinese coronavirus (COVID-19) have been supporting the demand for the safe haven metal in past hours, taking the ounce troy
Read more Next