USD/JPY and the AUD/USD weakest in Asia - Forex News by FX Leaders

USD/JPY and the AUD/USD weakest in Asia

Posted Tuesday, August 29, 2017 by
Rowan Crosby • 1 min read

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.

Yen

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

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.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of