XE Market Analysis: Europe – Dec 20, 2016

The main theme has been yen weakness today in pre-London open trade in Asia. USD-JPY is off its high at 117.95, but still showing a 0.5% advance at 1117.76 bid. EUR-JPY is up by 0.4%, while the biggest mover has been AUD-JPY, with a 0.7% gain. The yen had been briefly bid following yesterday’s news events, the assignation of Turkey’s ambassador to Turkey and the suspected terror attack in Berlin, though has since returned to a weakening bias as BoJ policy came into focus. The central bank left monetary policy unchanged, as had been widely anticipated in markets, though still…

Source: XE news feed
XE Market Analysis: Europe – Dec 20, 2016