XE Market Analysis: North America – Sep 05, 2017

The yen and franc retained a safe haven bid, although the degree of risk aversion was somewhat less than a run to the hills, and more of a weary expression of concern with regard to the North Korea’s ratcheting up of the geopolitical ante with nuclear testing. USD-JPY fell for a second day, logging a five-session low at 109.20. This extends the loss from the 110.67 peak seen before the disappointing employment report out of the U.S. last Friday. USD-CHF declined to a four-session low at 0.9544, and EUR-CHF to a five-session low, at 1.1367.