USD/JPY and the AUD/USD weakest in Asia
USD/JPY and the AUD/USD are weakest in Asian trade, after the missile test from North Korea. As expected there has been a distinct risk-off
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Last updated: Tuesday, August 29, 2017
USD/JPY and the AUD/USD are weakest in Asian trade, after the missile test from North Korea. As expected there has been a distinct risk-off tone – however the USD/JPY has retraced some of the early losses.
As is stands the Yen has rallied against the USD with the USD/JPY down 0.35% with the AUD/USD also at simlilar levels. I'll be looking to stay short the USD/JPY as European traders enter for the day.
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ABOUT THE AUTHOR
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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.
