XE Market Analysis: Europe – May 26, 2017

USD-JPY and yen crosses traded lower as the Japanese currency outperformed amid a mostly risk-off backdrop in the Asia-Pacific region today. This was sparked by a hefty drop in oil prices after OPEC and allies delivered the well anticipated nine-month extension to the prevailing volume reduction in supply. USD-JPY logged a two-session low at 111.40, down moderately from the 112.12 peak seen midweek. Japanese inflation data cast little impact, though core CPI came in at +0.3% y/y, a shade below the median forecast for a 0.4% y/y outcome.

Source: XE news feed
XE Market Analysis: Europe – May 26, 2017