XE Market Analysis: Europe – Oct 28, 2016

USD-JPY rallied to a fresh three-month peak at 105.37 concomitantly with a spike in U.S. Treasury yields. EUR-JPY managed to edge out a two-week peak, while AUD-JPY has remained below the three-month high seen earlier in the week. The weaker yen fuelled Japanese stock market outperformance, with the Nikkei 225 closing with a 0.7% while most Asian bourses posted losses. Japanese data today were mixed. Core national CPI came in unchanged at -0.5% y/y in the September reading, as expected. The BoJ is expected to acknowledge after its policy meeting next week that CPI won’t reach the 2.0% target before…

Source: XE news feed
XE Market Analysis: Europe – Oct 28, 2016