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Major Yen cross lift on Chinese rhetoric into the European stock opening-check out EUR/JPY
The comments from China this morning have most definitely lifted risk appetite, as noted on the previous two updates. So, the European stock markets have jumped into the opening and that has delivered a record opening for the DAX and a new all time high to boot. The Yen has weakened further on this risk positive mood across the markets right now. The USD/JPY is right now close to session highs above 150.30. The GBP/JPY is pushing towards 192 and the EUR/JPY is lifting towards 159. The EUR/JPY had closed on Friday at 158.55. The current push higher could extend too. The low seen earlier today was set at 157.87. So, it is worth noting; that is has come quite away already in recent trade. Is it finished with the topside yet?
Market News
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EUR/USD takes out 1.0800 again
The push above 150 in the USD/JPY this afternoon has now extended and that has seen the dollar rise to around 150.25. At the same time this has added... -
S+P 500 tests correction level at 5,750 following US data
The push above 150 noted in the USD/JPY just now has come alongside further gains in the US equity space. So, it seems the service sector beat is...
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USD/JPY rises above 150 following very contrasting US PMI reports
The March US flash PMI data has just now hit the screens. The service sector reading was last at 51 and expect to be unchanged. It has risen to 54.3...
