XE Market Analysis: Asia – May 31, 2019

The Dollar headed lower in N.Y. on Friday, with USD-JPY losses pacing the losses. Incoming data was mostly positive, though the risk-backdrop crumbled following Trump’s announcement he would slap tariffs on Mexican goods if the country did not stem the flow of migrants to the U.S. Wall Street was sharply lower, and Treasury yields fell to trend lows, leaching the 10-year near 2.15%. EUR-USD dipped to 1.1137 lows from 1.1180, though later climbed back toward session highs. USD-JPY fell to 108.40, levels last seen in Mid-January.