XE Market Analysis: Europe – Sep 13, 2019

The yen posted fresh trend lows against the dollar, though remained just off the lows it saw against the euro, Australian dollar and other currencies yesterday. USD-JPY printed a six-week high at 108.26 in what is now the fourth consecutive day of higher-high making. The Japanese currency has been deflating maid a persisting phase of risk-on conditions in global markets. The ECB’s policy bazooka, particularly the promise of open-ended asset purchases, has been the latest fodder for bulls on world stock markets, which comes amid a cooling in U.S.-China trade tensions.

Source: XE news feed
XE Market Analysis: Europe – Sep 13, 2019