We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
GBP/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • #USD, $GBP, EUR & AUD Brace for Cross-Continental Political Peril ⬇️ https://www.dailyfx.com/forex/fundamental/article/special_report/2020/06/01/USD-GBP-EUR--AUD-Brace-for-Cross-Continental-Political-Peril.html
  • 🇰🇷 Exports YoY Actual: -23.7% Expected: -22.1% Previous: -25.1% https://www.dailyfx.com/economic-calendar#2020-06-01
  • 🇰🇷 Balance of Trade Actual: $0.44B Previous: $-1.4B https://www.dailyfx.com/economic-calendar#2020-06-01
  • 🇰🇷 Exports YoY Actual: -23.7% Expected: -22.1% Previous: -24.3% https://www.dailyfx.com/economic-calendar#2020-06-01
  • 🇰🇷 Balance of Trade Actual: $0.44B Previous: $-0.95B https://www.dailyfx.com/economic-calendar#2020-06-01
  • 🇯🇵 Capital Spending YoY Actual: 4.3% Previous: -3.5% https://www.dailyfx.com/economic-calendar#2020-05-31
  • G10 FX Snapshot: APAC trading open sees slight risk-off tilt. #AUD and #NZD lower alongside stock index futures, #JPY, #CHF and #EUR on the upswing. #USD is a mixed bag.
  • (Asia AM) The #DowJones, #SP500 and #NASDAQ Composite may climb after my Wall Street index avoided a downside breakout. Donald Trump’s news conference on China cooled escalation woes - https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/asia_am_briefing/2020/05/31/Dow-Jones-SP-500-Nasdaq-Composite-Ready-for-More-Highs.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/KDrzpy6PFb
  • Preview of my piece previewing Europe/US ⬇️ https://t.co/hVYqYLVQaq
  • US-China tensions remain, #ECB stands ready to expand QE purchases, EU-UK trade talks in focus. Get your #equities market update from @JMcQueenFX here: https://t.co/hKLNJKqMoz https://t.co/h45Cngonhw
Japanese Yen Gains as Markets Start the Week in a Sour Mood

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

2017-08-28 04:33:00
Ilya Spivak, Head Strategist, APAC
Share:

Talking Points:

  • Yen gains as sentiment sours at the start of the trading week
  • S&P 500 index futures point to continued risk aversion ahead
  • US political volatility a threat amid NAFTA renegotiation

The Japanese Yen edged up in otherwise quiet Asia Pacific trade. The perennially anti-risk currency edged higher, seemingly looking past a mixed performance across regional bourses to focus on negative cues displayed in S&P 500 futures.

Price action across the rest of the G10 FX space was conspicuously listless. A market holiday in the UK and slim pickings on the economic data docket seem likely to make for continued quiet, although the Yen might extend its advance if risk aversion gains further momentum.

Political risk remains an important wild card however. Officials from the US, Canada and Mexico are due to begin the second round of renegotiating the NAFTA free trade this week. President Donald Trump has disparaged the effort previously, stoking volatility. More of the same may yet be on offer.

How will key economic news impact FX markets this week? Join our live webinars to find out!

Asia Session

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

European Session

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

** All times listed in GMT. See the full DailyFX economic calendar here.

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

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.