Japanese Yen Gains as Markets Start a Week in a Sour Mood

Talking Points:

  • Yen gains as view sours during a start of a trade week
  • SP 500 index futures indicate to continued risk hatred ahead
  • US domestic sensitivity a hazard amid NAFTA renegotiation

The Japanese Yen edged adult in differently still Asia Pacific trade. The perennially anti-risk banking edged higher, clearly looking past a churned opening opposite informal bourses to concentration on disastrous cues displayed in SP 500 futures.

Price movement opposite a rest of a G10 FX space was conspicuously listless. A marketplace holiday in a UK and slim pickings on a mercantile information calendar seem expected to make for continued quiet, nonetheless a Yen competence extend a allege if risk hatred gains serve momentum.

Political risk stays an critical furious label however. Officials from a US, Canada and Mexico are due to start a second turn of renegotiating a NAFTA giveaway trade this week. President Donald Trump has disparaged a effort previously, stoking volatility. More of a same might nonetheless be on offer.

How will pivotal mercantile news impact FX markets this week? Join a live webinars to find out!

Asia Session

Japanese Yen Gains as Markets Start a Week in a Sour Mood

European Session

Japanese Yen Gains as Markets Start a Week in a Sour Mood

** All times listed in GMT. See a full DailyFX mercantile calendar here.

— Written by Ilya Spivak, Currency Strategist for DailyFX.com

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