XE Market Analysis: Europe – Feb 13, 2017

Yen weakness was the main show in town in pre-London dealings in Asia. This saw USD-JPY rally briefly back above 114.00 today from the 112.86 low seen in the wake of Friday’s pressure conference after the Trump-Abe meeting, when the former said that “we will be on a level playing field soon” with exchange rates. The yen slipped today following a fundamental lead in the form of sub-expectations Japanese growth data, with Q4 GDP coming in at 1.0% y/y, shy of the median forecast for 1.0%. The q/q figure was 0.2% growth.

Source: XE news feed
XE Market Analysis: Europe – Feb 13, 2017