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Yen Outperforming, EUR/JPY Breaks 50-Day MA

JPY
BulletMarketsForeign Exchangemarkets-real-time

Yen crosses are under renewed pressure, although this is mainly being by lower USD/JPY levels. The pair is now down 0.5% from NY closing levels, to 135.20 last. EUR/JPY is down to 138.70, through the 50-day MA at 139.02. This may reflect carry over from the sharp overnight move lower in EU yields. EUR/USD is down modestly, (last 1.0260), while AUD and NZD are still slightly firmer against the USD, but comfortably down against yen. US equity futures are off their highs, but still in positive territory. Regional equity markets are opening weaker though.

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Yen crosses are under renewed pressure, although this is mainly being by lower USD/JPY levels. The pair is now down 0.5% from NY closing levels, to 135.20 last. EUR/JPY is down to 138.70, through the 50-day MA at 139.02. This may reflect carry over from the sharp overnight move lower in EU yields. EUR/USD is down modestly, (last 1.0260), while AUD and NZD are still slightly firmer against the USD, but comfortably down against yen. US equity futures are off their highs, but still in positive territory. Regional equity markets are opening weaker though.