XE Market Analysis: Europe – Sep 10, 2019

The Yen has remained under pressure, which has seen both USD-JPY and AUD-JPY print fresh six-week highs. U.S. Treasury Secretary Steven Mnuchin signalled “lots of progress on talks” recently with regard to trade negotiations with Beijing. We’ve heard such upbeat rhetoric many times in the many previous rounds of the so-far fruitless trade discussions, though the signalling, along with expectations of economic stimulus in Europe and China, have been keeping global stock markets underpinned, which in turn has been feeding an unwinding in the Japanese currency’s safe haven premium.

Source: XE news feed
XE Market Analysis: Europe – Sep 10, 2019