Japanese Yen Still in Demand as Safe Havens Benefit From US-China Spat

Japanese Yen Still in Demand as Safe Havens Benefit From US-China Spat

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The Japanese Yen is continuing to climb as the US-China trade war turns increasingly into a technology war, hitting risk sentiment and boosting demand for safe havens.

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Market Outlook

US
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The May FOMC minutes detailed a reserved conversation among policymakers who believed that patience on rates would be appropriate for the foreseeable future.
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EURO
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The Australian Dollar may continue to fall after a bruising Asia Pacific trading session as a downbeat OECD economic forecast update spooks risk appetite.
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ASIA
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The Canadian Dollar fell alongside a decline in crude oil prices as the British Pound accelerated losses with UK Prime Minister Theresa May closer to stepping down. The Yen may gain.
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