XE Market Analysis: North America – Jun 27, 2019

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The Yen dipped and then rebounded some as risk appetite in global stock markets went from risk-on, which dominated in Asia today, before turning risk-off during the European AM session, where market narratives become more circumspect about the prospects for meaningful progress between the U.S. and China at the upcoming G20 summit, which seems entirely justifiable given the recent history for disappointment. USD-JPY fell back to levels around 107.80 after posting an eight-day high at 108.16 during the Tokyo session. AUD-JPY, which had been showing a 0.5% gain at its highs, also fell back.