XE Market Analysis: North America – Feb 22, 2017

EUR-JPY and GBP-JPY are the biggest movers on the day so far, both about a 0.8% decline on the day, as of the early European PM session. Frexit concerns are driving the move, with currency markets and the Franco-German yield spread bearing the brunt as equity markets remain pretty bid despite the potential existential threat to the euro and the mess this could make of UK’s Brexit process. The yen is benefitting from an apparent safe have bid. EUR-JPY has logged an 11-week low at 118.86 following a cumulative decline of just over 2% over the last week. GBP-JPY is…

Source: XE news feed
XE Market Analysis: North America – Feb 22, 2017