Yesterday we saw the yen curry favour and now we're seeing it reverse
Yen pairs are moving higher. USDJPY has made a new high at 113.58. GBPJPY is at 142.26, while EURJPY trades to 122.13.
We saw the yen in demand yesterday and now there's a turnaround. Maybe there's some thinking that Trump is not going to slam Japan's trade policies any further after business friendly comments today, particularly in the auto-industry, which is big for Japanese firms.
It's a bit of a late reaction to that news so we shouldn't peg the two together entirely.
Yen pairs
Bar the pound, most other pairs are doing naff all.
