XE Market Analysis: Europe – Jan 15, 2019

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The Yen weakened and Dollar bloc currencies rallied amid a risk-back-on sentiment in markets, with Asian stock markets and U.S. equity index futures rallying after China announced the implementation of economic stimulus measures following the release of weak trade data yesterday. The measures Beijing announced include increased tax cuts. USD-JPY has rallied by 0.5% in printing a six-day high at 108.75. The biggest movers have been AUD-JPY, NZD-JPY and CAD-JPY, which have all risen by more than 0.6%. AUD-USD posted a four-day high at 0.7222.