Yen Extends Gains, Spot FX May Offer Clues on Post-Holiday Moves

Talking Points:

The Japanese Yen rose in differently still Asia Pacific trade. The pierce built on gains in a before session, that took a banking aloft opposite all of a G10 FX counterparts. Absent a definite catalyst, a pierce competence simulate markets on auto-pilot as liquidity thins into Good Friday holiday closures.

European bourses will sojourn shuttered into a weekend and pivotal exchanges in Germany, France, Italy and a UK will sojourn offline Monday. That means appearance levels will sojourn good next normal levels until Tuesday, undermining directional self-assurance in a interim.

Still, over-the-counter mark FX competence offer something of a idea as to how benchmark resources competence conflict when liquidity rebuilds if wandering title risk emerges during a lull. With that in mind, traders competence be correct to keep an eye on cost movement telegraphing follow-on sensitivity elsewhere.

See a giveaway beam to get assistance building certainty in your FX trade strategy!

Asia Pacific Trading Session

Yen Extends Gains, Spot FX May Offer Clues on Post-Holiday Moves

European Trading Session

No Data.

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

FX TRADING RESOURCES

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

To hit Ilya, use a comments territory next or @IlyaSpivak on Twitter

To accept Ilya’s research directly around email, greatfully SIGN UP HERE

About author