Yen the Gainer in Asian Trade - Forex News by FX Leaders

Yen the Gainer in Asian Trade

Posted Tuesday, August 22, 2017 by
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.

Yen

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About the author

Rowan Crosby // Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
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