XE Market Analysis: Europe – Feb 12, 2019

The main theme has been Yen underperformance, which has been concomitant with a cautious-but-distinct risk-on sentiment in global markets. USD-JPY rose to a near seven-week high of 110.65. EUR-JPY has also gained, while AUD-JPY has outperformed with a rise of 0.5% in making a six-day high at 78.35. The Dollar has entered a consolidation after a run of eight consecutive up days by the measure of the narrow trade-weighted USD index, which is the most sustained rally the index has seen in two years.

Source: XE news feed
XE Market Analysis: Europe – Feb 12, 2019