Dollar and Yen Trade Softer

Dollar and Yen Trade Softer

Both the dollar and yen traded softer against most other currencies in a revived risk-on environment. The yen itself was the underperformer, which drove USD/JPY above 111.00 and to a fresh two-week peak at 111.38. This came as stock markets in Asia and Europe managed to rebound. U.S. equity futures also rose, recovering after being rattled by the hawkish turns of the Federal Reserve Bank and Bank of England this […]

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