XE Market Analysis: North America – Aug 19, 2019

Moderate weakness in the Yen and the Pound has characterized early-week trading so far. The Yen nudged lower against the Dollar and Euro, tracking a rise in U.S. Treasury and Bund yields, which were accompanied by gains in Asian and European stock markets to complete a risk-back-on picture. USD-JPY printed a two-session high at 106.66, returning last week’s two-week peak at 106.97 back into scope, and EUR-JPY also lifted into two-session terrain. The pound took a rotation lower during the London morning session. Cable posted a low at 1.2116, which is 56 pips down on the day’s peak.

Source: XE news feed
XE Market Analysis: North America – Aug 19, 2019