Yen the Gainer in Asian Trade
Rowan Crosby • 1 min read
It's another quiet day in Asian trade as the world waits on Jackson Hole.
Earlier today I spoke about how I felt the Yen had the potneital to retrace some of the USD weakenss that we saw overnight. Sure enough, markets have begun to rally ever so slightly. If there more volume enters as Europe opens then the Yen might be able to tick up to the 109.50 level. This is still offering a decent opportunity as I feel it's going to be tough to push through 109.00 – a key level – in this enviroment.