XE Market Analysis: Europe – Nov 02, 2018

The Dollar and Yen have traded generally weaker against most other currencies amid a backdrop of strongly-rebounding global stock markets. A détente between on the U.S. and China on trade, along with overall decent corporate earnings, mostly firm U.S. data this week, and a plethora of stock-boosting measures by Beijing, have collectively elicited a rebound in stock markets. USD-JPY has recouped to the 113.00 area, though Yen crosses have generally rallied by bigger magnitudes.