XE Market Analysis: Europe – Jan 22, 2019

The Dollar and Yen have traded firmer against most other currencies, with the Japanese unit itself outperforming overall, which has pressed USD-JPY to a two-day low of 109.38. Forex markets are in a safe-haven mode, with Asia stock markets down and S&P 500 futures racking up a 0.8% loss in overnight trading, pointing to a hefty opening loss on Wall Street later. A cacophony of warnings from the IMF and CEOs of major global corporations about the global economic outlook have taking a toll on market spirits.