Tuesday, 12 April 2016

XE Market Analysis: Europe - Apr 12, 2016

The yen has traded softer today, which follows an historically abnormal run of seven consecutive up days, though USD-JPY and the main yen crosses have so far remained within the respective ranges of yesterday. USD-JPY was showing a 0.3% gain as London participants took to their desks, trading around the 108.30 level. EUR-JPY was up by a similar magnitude. Gains in most stock markets have facilitated yen weakness, which in turn helped Japanese stock markets outperform east-Asian markets today.



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