XE Market Analysis: Europe – Aug 08, 2019

Comparative calm, and comparatively narrow ranges have been ensuing so far today. The main theme has been a moderate decline in the Yen amid a backdrop of recouping stock markets. USD-JPY has settled in the lower 106.00s, above the seven-month low seen yesterday at 105.49. AUD-JPY, EUR-JPY and other Yen crosses have also posted moderate gains as the Japanese currency saw some of its safe haven premium unwind. EUR-USD, meanwhile, has continued to orbit the 1.1200 level, and the Pound has by recent standards been trading with uncharacteristic steadiness.

Source: XE news feed
XE Market Analysis: Europe – Aug 08, 2019