XE Market Analysis: North America – Sep 08, 2017

USD-JPY continued to lead broader dollar declines amid a mix of bearish drivers, including year lows in U.S. Treasury yields, risks for a further ratcheting up in North Korea tensions as the rogue nation nears nuclear ICBM capability, and the dollar-bearish narrative being generated by Hurricane Irma’s track toward the south east U.S. USD-JPY clocked 10-month lows of 107.50. The pair has shed 2.6% so far this week, which is the biggest movement on our currency comparison grid. Trend support comes in at 107.08-10.

Source: XE news feed
XE Market Analysis: North America – Sep 08, 2017