As the dollar-uptrend continued, USD/NOK also saw corrective selling from its high. Against the yen, it remained firm under the influence of yen depreciation, but caution was indicated when buying in the 16.50-yen range.
USD/NOK has followed the dollar-uptrend, with dollar strength standing out as it has for other major currencies. After reaching 9.6819 kroner yesterday, it saw slight corrective selling, suggesting both continued trading near its high and some downward pressure. Against the yen, it remained firm under the influence of yen depreciation. In line with this, caution was indicated when buying Norwegian kroner in the 16.50-yen range.
The reported rates were 9.5977 for USDNOK and 16.477 for NOKJPY. The source was Minkabu Fx, whose overview indicated that the dollar-uptrend was expected to continue. Market participants are watching for selling on rebounds and pullbacks from the Norwegian krone's highs, alongside developments in the dollar.