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Gains upside traction

NOK

Further upside extension for the NOK, a continuation from the Asian session, with desk noting likely Month End flow behind some of the strength.

  • NOK is now up over 1% against the JPY, with the latter under pressure across all majors, beside the Rand, which is trading close to flat on the day.
  • NOKJPY now eye the 20/02 high at 12.0834. The pair is 12.0557
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com

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