The US Dollar Index continued its downward movement on Thursday, falling below the 101.25-101.30 range. This decline brought the index closer to the 23.6% Fibonacci retracement level near 101.00, signaling a potential technical support zone.
According to FX Street, the Greenback extended the previous day's pullback and faced additional selling pressure, indicating follow-through momentum among market participants. This move reflects ongoing shifts in currency sentiment amid broader macroeconomic factors.
For Japanese investors, fluctuations in the US Dollar Index remain crucial, as they influence the yen's performance and impact cross-border investment flows in FX and equities markets.