XE Market Analysis: Europe – Apr 10, 2018

Yen weakness has been the main show in town, with the biggest mover having been the global stock market correlating AUD-JPY cross, which is showing a 0.9% gain as the London interbank market takes to its collective desk. USD-JPY is showing a 0.4% advance, earlier posting a two-session high at 107.24. Chinese President Xi’s keynote speech at the Boao Forum today mollified investor anxieties by de-ratcheting the trade war rhetoric, pledging that the Chinese economy will open up and that import tariffs on vehicles will be lowered, which managed to lift stock markets in Asia, along with U.S.