XE Market Analysis: Europe – Dec 18, 2018

The Yen has been buoyed amid a risk aversion theme in global markets after Wall Street closed with 2%-plus declines yesterday and with Asian equity markets also taking a tumble today. USD-JPY posted an eight-day low of 112.47. Yen crosses also saw a similar price action, with the high beta AUD-JPY cross coming within 10 pips of seven-week lows.

Source: XE news feed
XE Market Analysis: Europe – Dec 18, 2018