XE Market Analysis: Europe – Oct 25, 2016

USD-JPY edged out a 13-day high of 104.49 in a quiet news day in Asia, building on gains seen yesterday. The pair needs to rally above 104.63, which is the October-12 peak, to extend the rally seen from levels near 100.00 in late September. EUR-JPY, AUD-JPY and other yen crosses are also up today, reflecting broad yen weakness. Asian stock markets mostly declined, though Japan’s Nikkei 225 closed with a 0.8% gain, while Wall Street finished up yesterday on earnings and M&A news, and S&P 500 futures have gained in overnight trade. Elsewhere, EUR-USD plied a narrow range in the…

Source: XE news feed
XE Market Analysis: Europe – Oct 25, 2016