XE Market Analysis: Europe – Aug 30, 2017

The dollar is trading firmer against most of its main peers, while the yen has underperformed. USD-JPY has led the way, with the pair having recouped above 110.00 from yesterday’s low at 108.26. Yen crosses are also higher, with EUR-JPY rallying to a 19-month high today, for instance. Trump’s measured response to North Korea’s launch of a missile over Japan (he refrained from “fire and fury” bombast and instead said that “all options are on the table”) helped allay heightened fears that Pyongyang’s latest antics sparked, which led to some pivoting out of safe haven assets and currencies.

Source: XE news feed
XE Market Analysis: Europe – Aug 30, 2017