Thursday, 7 April 2016

XE Market Analysis: Asia - Apr 07, 2016

The yen was the big story in N.Y. trade on Thursday, as the currency continued its steep climb. USD-JPY fell to near 18 month lows of 107.67, as EUR-JPY plunged to one-month lows of 122.55 after topping over 125 during the overnight session. Stocks, yields and oil prices fell, with risk-off conditions fueling support for the yen. EUR-USD was range bound, while USD-CAD traded up on weak crude prices. Cable, as has been the case for a while, struggled over 1.4100 and traded briefly into 1.4050.

[EUR, USD]



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