XE Market Analysis: North America – May 26, 2017

The dollar has traded mostly softer so far today, losing most ground to an outperforming yen, while managing gains versus an underperforming pound. USD-JPY saw a low of 110.89 after a 50-odd-pip tumble since the London open, extending declines from Wednesday’s nine-day peak at 112.12. Yen crosses are also down, most notably AUD-JPY, which was showing a drop of 1% as of the late London AM. The yen’s bid was concomitant with a risk-off backdrop, sparked by the sharp decline in crude prices yesterday (although slightly firmer so far on the day today).

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