XE Market Analysis: North America – Nov 06, 2018

The advent of today’s U.S. midterm elections has been crimping directional ambition in markets. USD-JPY ebbed back toward 113.00 after printing a one-month high at 113.44, while EUR-JPY and AUD-JPY also reversed out of respective two-week and one-month highs. The Yen’s rebound was concomitant with European stock markets and S&P 500 futures tacking lower, with sentiment shifting to a more cautious aspect after a positive Wall Street session yesterday, and mostly positive session on Asian bourses today. The elections in the U.S.