The Tokyo session has seen a strengthening of the safe haven currencies JPY and USD with JPY stronger.
However weakness is AUD has been the leading factor in the forex market overnight, driven by poor Australian economic data in conjunction with its long-term weakening trend.
These tendencies have continued since London opened almost an hour ago and so might continue all day. However there is a Bank of Japan press conference going on right now that could easily move the market around.
No comments:
Post a Comment