XE Market Analysis: Europe – Feb 27, 2017

The yen has seen a safe haven bid in early-week trade as risk aversion reappeared in Asian markets, despite the Dow clocking another record high on Friday. The strength in the yen itself had the usual secondary impact of exacerbating the bearish mood on the Japanese stock exchange, driving an underperforming a 0.9% Nikkei 225 loss today. USD-JPY ebbed to a near three-week low at 111.91 amid yen demand, with EUR-JPY and other yen crosses also heading south. AUD-JPY, a proxy on global investor risk appetite, also touched a near three-week lows.

Source: XE news feed
XE Market Analysis: Europe – Feb 27, 2017