XE Market Analysis: Europe – Jun 27, 2019

The Yen continued to weaken as forex and Asian stock markets opted for risk-on positioning ahead of the G20 summit, betting for some progress between the U.S. and China despite justifiable reasons to be wary, given the recent history for disappointment. AUD-JPY has been the biggest mover out of the main dollar pairings and associated cross rates, rising about 0.5% in printing a 16-day high at 75.62. USD-JPY posted an eight-day high at 108.13.