Friday, 6 May 2016

XE Market Analysis: Europe - May 06, 2016

Steep Aussie losses provided the main action in pre-Europe trade in Asia, which was otherwise subdued ahead of the U.S. payrolls report. Tokyo markets reopened after their thee-day Golden Week hiatus. USD-JPY has been trading in a narrow range in the low 107s, holding below Wednesday's 107.45 peak, though EUR-JPY managed to edge out a four-session low at 122.05. Japan's Nikke 225 equity index closed with a moderate 0.25% decline, which was a relative outperformance versus most other Asian bourses.



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