The US dollar's jump at the beginning of New Year's trading caused it to rise against the major currencies, from the euro to the pound sterling, reaching the Japanese yen by achieving its highest level in two weeks, as it moved the yen away from its 5-month high.

As the dollar had risen by approximately 0.34% against the yen in early trading today, in addition to the yen’s first loss against the dollar in yesterday’s trading due to profit-taking and correction operations, with the Bank of Japan continuing to adhere to its lenient policies, in addition to the American data that was issued today, which represented a rise in yields. US Treasury bonds, which strengthened the performance of the dollar and weakened investment opportunities in the yen.

Note that the dollar is in a state of anticipation during this week for the release of the minutes of the Federal Reserve’s meeting , in addition to the release of labor market data for December, which includes important indicators that may affect the markets’ expectations regarding the Federal Reserve’s decisions regarding monetary policy during the new year.

Coming to the technical analyses, where the technical indicators, represented by the Relative Strength Index, which is moving above the 50 levels at approximately 58 m, indicate the possibility of continuing the upward movement towards the MACD, which reached the zero levels upwards, with the improbability of this movement continuing.

*All data provided is intended for educational or informational purposes only and should not be considered investment advice.