USDJPY surged to its highest level in six months, peaking above the key 113-yen level as Jerome Powell was positive about the US economy when speaking to the US Senate Banking Committee. The dollar was the best performing major currency this morning. He sees years more of steady growth in the US. The Dow gained and the Nasdaq hit record highs on Powell’s comforting words.
All about the dollar
Daily Analysis - 18/07/2018