XE Market Analysis: Europe – Jul 13, 2018

USD-JPY rallied to a fresh six-month high, of 112.77, as most global stock markets continued to rally, buoyed by a strong global economy and expectations for a solid Q2 corporate earnings reporting season. Chinese markets have still underperformed, however, along with the Australian share market, on concerns about worsening Sino-U.S. trade relations. The weakness in the yen in turn drove an outperformance in Japanese stock markets. Outside the case for USD-JPY, the dollar itself has been mixed.

Source: XE news feed
XE Market Analysis: Europe – Jul 13, 2018