Wednesday, 11 May 2016

XE Market Analysis: North America - May 11, 2016

The yen trader firmer and the dollar traded generally softer. The yen recouped some of the lost ground seen over the last three sessions. USD-JPY ebbed back under 109.00 after capping out at 109.35 yesterday, which was the loftiest level seen since Apr-28 following the rebound from the May-3 18-month low at 105.55, and EUR-JPY tipped back under 124.00, leaving yesterday's 13-day peak at 124.44. The yen's advance tallies with a heavy tone in stock markets in both Europe and Asia. EUR-USD, meanwhile, lifted to the high 1.13s after closing in New York yesterday at 1.1371.



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