XE Market Analysis: North America – Mar 26, 2019

The main theme has been Yen weakness, which took hold during the European AM session. This floated USD-JPY to a two-session high at 100.42, putting in a little more distance form the six-week low that was seen yesterday at 109.70. AUD-JPY and EUR-JPY, among other Yen crosses, have also risen, with the Japanese currency seeing some of its safe-haven premium unwind concurrently with a steadying in global stock markets, although sentiment remains palpably fragile as investors continue to fathom the recent sharp dive in U.S. yields and yield curve inversions.