Monday, 11 April 2016

XE Market Analysis: Europe - Apr 11, 2016

The yen's buoyancy returned after Friday's dip, driving USD-JPY to a new 17-month low of 107.63. The risk-on finish to last week didn't fully extend to early-week trade in Asia, where stocks were mixed and oil prices gave back a little of the 6%-plus gains posted on Friday. This underpinned the yen, which itself weighed on Japanese stock markets. The Nikkei 225 benchmark underperformed, closing 0.44% for the worse. EUR-JPY ebbed below Friday's low but remained above the six-week nadir posted on Thursday.



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