FOREX TradingCharts.com

Forex News: Yen Advances As Abe's Approval Ratings Slide

Yen Advances As Abe's Approval Ratings Slide

04/16/2018 - 03:31:00 (RTTNews)

(RTTNews) - The Japanese yen drifted higher against its major counterparts in the Asian session on Monday, as approval ratings for Japan Prime Minister Shinzo Abe nosedived in the wake of cronyism scandal and protesters called for his resignation.

Survey by Nippon TV published on Sunday showed that the support for Abe fell to a record low of 26.7 percent.

A poll published by the Asahi newspaper Monday showed the Cabinet's approval rate was just 31 percent, while the ratio of voters who disapprove the LDP presidency rose to 52 percent from 48 percent.

Thousand of protesters, who gathered in front of the Japanese diet, called for his resignation over the weekend.

Asian stock markets are mostly lower amid cautious trades with the weak cues from Wall Street on Friday and geopolitical tensions following the U.S.-led strikes on Syria dampening investor sentiment.

Russian President Vladimir Putin warned on Sunday that further Western attacks on Syria would result in world chaos, as Washington prepared to impose new sanctions against Russia to punish it for enabling the Syrian government's use of chemical weapons in its civil war.

The yen climbed to 4-day highs of 111.24 against the Swiss franc, 107.13 against the greenback and 132.12 against the euro, reversing from its early lows of 111.71, 107.61 and 132.65, respectively. The yen is seen finding resistance around 110.5 against the franc, 106.00 against the greenback and 131.00 against the euro.

The yen reversed from its early lows of 85.38 against the loonie and 79.12 against the kiwi, rising to 4-day highs of 84.90 and 78.71, respectively. The next possible resistance for the yen is seen around 83.00 against the loonie and 76.00 against the kiwi.

The yen advanced to 152.66 against the pound and 83.11 against the aussie, coming off from its previous lows of 153.33 and 83.65, respectively. If the yen rises further, 151.00 and 82.00 are possibly seen as its next resistance levels against the pound and the aussie, respectively.

Looking ahead, U.S. retail sales for March, business inventories for February, New York Fed manufacturing index and NAHB housing market index for April are scheduled for release in the New York session.

At 1:15 pm ET, Atlanta Fed President Raphael Bostic speaks about the economy at the Shoals Chamber of Commerce, in Alabama.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Dollar Paring Early Gains As Weekend Approaches (05 hr(s), 22 min(s), 26 sec(s) ago)
(RTTNews) - The dollar climbed against its major rivals early Friday, but has begun to pare its ga ...Full Story»

Euro Mixed After Eurozone Flash Consumer Sentiment Index (10 hr(s), 04 min(s), 27 sec(s) ago)
(RTTNews) - Eurozone flash consumer sentiment for April has been released at 10:00 am ET Friday. F ...Full Story»

Canadian Dollar Retreats As Canada Inflation Slows (10 hr(s), 28 min(s), 27 sec(s) ago)
(RTTNews) - The Canadian dollar trimmed its early gains against its major counterparts in the Euro ...Full Story»

Loonie Falls After Canada CPI, Retail Sales (11 hr(s), 37 min(s), 27 sec(s) ago)
(RTTNews) - Following the release of Canada consumer prices for March and retail sales for Februar ...Full Story»

Loonie Advances Ahead Of Canada CPI, Retail Sales (11 hr(s), 43 min(s), 27 sec(s) ago)
(RTTNews) - Canada consumer prices for March and retail sales for February are scheduled for relea ...Full Story»

Euro Weakens Against Most Majors (14 hr(s), 25 min(s), 27 sec(s) ago)
(RTTNews) - The euro declined against its most major counterparts in early European deals on Frida ...Full Story»

Carney's Remarks Drags Down Sterling (16 hr(s), 01 min(s), 26 sec(s) ago)
(RTTNews) - The pound slipped against its major counterparts in Asian session on Friday, as the Ba ...Full Story»

Dollar Rising After Mixed Economic Reports (05 hr(s), 25 min(s), 27 sec(s) ago)
(RTTNews) - The dollar is up against all of its major rivals Thursday afternoon. Traders are react ...Full Story»

Search

FOREX NEWS

Dollar Paring Early Gains As Weekend Approaches

04/20/2018 - 14:50 PM (RTTNews)
(RTTNews) - The dollar climbed against its major rivals early Friday, but has begun to pare its ga ...Full Story>>

Euro Mixed After Eurozone Flash Consumer Sentiment Index

04/20/2018 - 10:07 AM (RTTNews)
(RTTNews) - Eurozone flash consumer sentiment for April has been released at 10:00 am ET Friday. F ...Full Story>>

Canadian Dollar Retreats As Canada Inflation Slows

04/20/2018 - 09:44 AM (RTTNews)
(RTTNews) - The Canadian dollar trimmed its early gains against its major counterparts in the Euro ...Full Story>>

Loonie Falls After Canada CPI, Retail Sales

04/20/2018 - 08:35 AM (RTTNews)
(RTTNews) - Following the release of Canada consumer prices for March and retail sales for Februar ...Full Story>>

Loonie Advances Ahead Of Canada CPI, Retail Sales

04/20/2018 - 08:27 AM (RTTNews)
(RTTNews) - Canada consumer prices for March and retail sales for February are scheduled for relea ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.