XE Market Analysis: North America – Aug 14, 2019

The Yen rallied during the London morning session, recouping a portion of the losses seen yesterday after President Trump’s partial de-escalation of his trade war with China. Data showing the slowest rise in Chinese industrial production in 17 years, along with a -0.1% q/q print in German Q2 GDP, spooked markets anew, sparking a sharp downward turn across European equity bourses and in S&P 500 futures. USD-JPY dropped to a 106.12, extending the retreat from yesterday’s post-Trump-announcement high at 106.97. EUR-JPY, AUD-JPY and other Yen crosses have seen similar price actions.

Source: XE news feed
XE Market Analysis: North America – Aug 14, 2019