What’s next? – USDJPY 13.04.18

The dollar was trading 0.36 percent higher vs the Japanese yen at 107.69 as of 12:10 GMT on Friday, as the dollar continued to rise across the board on the back of easing political tensions.

The US dollar index, which gauges the greenback against six major currencies, was trading 0.10 percent higher at 89.56 by the time of this writing.

On Thursday, US President Donald Trump said an attack in Syria may not be necessary, although he insisted all alternatives are still on the table.

"Never said when an attack on Syria would take place. Could be very soon or not so soon at all! In any event, the United States, under my Administration, has done a great job of ridding the region of ISIS. Where is our 'Thank you America?'" Trump tweeted Thursday.

The American currency is also moved by another global factor: prospects of a trade war between the United States and China. In recent days, sentiment over this matter has improved, especially after China’s President Xi Jinping expressed openness to find common ground.

The dollar is on a volatile spot right now. Market participants are feeling cheered by upcoming earnings reports from the financial sector. Today, major names in the industry will be showing off their results and expectations are good.

Ahead in today’s session, traders will be paying attention to speeches by FOMC members Rosengren and Bullard as of 12:00 GMT and 13:00 GMT respectively.

On the data front, JOLTs job openings for February will be published at 14:00 GMT, along with Michigan Consumer Expectations and Sentiment indicators for April.

FortFS