XE Market Analysis: Europe – May 17, 2019

Both the Dollar and Yen have traded generally firmer, the former underpinned by a rise in U.S. yields, particularly a relatively sharp spike in the 2-year note yield, after Fed’s Brainard said that “opportunistic reflation” could be encouraged by allowing inflation to run above the 2% target for some years, and the latter by risk aversion as stock markets in Asia sputtered. Forex markets overlooked remarks by BoJ Governor Kuroda who said the ultra-low rates may be maintained for well over a year.

Source: XE news feed
XE Market Analysis: Europe – May 17, 2019