Recap of Asian trade on 24.10.2018: USD, JPY

Dollar bulls continue robust trading activity.
The US dollar index traded sideways slightly below 96.00 during the North American and Asian sessions. However, in the early European trade the index resumed a rapid rally. The index has already surpassed a two-month high.
Meanwhile, President Donald Trump has again targeted the Federal Reserve. In an interview with the Wall Street Journal, the US leader escalated his attacks on Fed’s Chairman Jerome Powell. Citing Donald Trump, high interest rates pose a threat to the US economy.
The greenback regained some of its losses against the Japanese yen. Yesterday the dollar/pair traded with a downward trajectory amid mounting political tensions. However, a sharp downturn in US stock indexes prompted investors to revise their portfolios. Thus, they decided to sell off US equities, opting to buy the US currency. As a result, the dollar/yen pair rebounded to 112.50.
The US dollar is set to assert its strength today across the board.

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