Wednesday, 25 May 2016

XE Market Analysis: Europe - May 25, 2016

The dollar traded mixed in pre-London trade in Asia, gaining versus the yen and sterling, holding steady versus the euro, and losing ground to the Australian and New Zealand dollars. USD-JPY and EUR-JPY logged two-day highs, at 110.19 and 122.80 respectively. The Yomiuri reported today that PM Abe will soon announce a delay in the planned sales tax rise, which is set for April next year, while there was a strong economist consensus in a Reuters survey last week for the BoJ to expand monetary policy by July.



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