Not exact matches
«There is a bit of a
risk - off undertone to markets here,» said Shaun Osborne, currency strategist at Scotia Bank in Toronto, referring to the
yen's performance
against the greenback.
Elsewhere in forex markets, it's a relatively calm day, with a slight correction in the
risk - off trade that we have been monitoring for weeks, as the
yen is a tad lower today
against all of its major peers, while the Dollar couldn't gain on
risk - on currencies, despite the equity weakness.
Elsewhere the Japanese
Yen slipped 0.06 % to ¥ 109.11
against the Dollar at the time of writing, easing geo - political
risk and better than expected PMI numbers out of China supporting market
risk appetite through the session, leading to a pullback in demand for the safe havens.
Improved
risk sentiment failed to deter the
yen on Thursday, as its rally
against the dollar deepened in the wake of stronger than expected U.S. inflation...
The trading week started quite favorably for the
yen since it gapped higher
against everything except the safe - haven Swissy, thanks to news over the weekend that North Korea successfully tested a hydrogen bomb and was planning another missile test, which naturally caused
risk aversion to really ramp up.
All
risk - on currencies were under pressure, even as the Dollar rise paused
against the Euro, with the Japanese
Yen turning out to be the winner of the day.