XE Market Analysis: Europe – Dec 12, 2018

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The Dollar has plied narrow ranges against most other currencies so far today, although a theme of Yen underperformance lifted USD-JPY to a nine-day high of 113.51, extending a rebound from the six-week low that was seen last week at 112.23. The weakness in the Japanese currency has been concomitant with a revival in risk appetite amid encouraging signs of potential progress in U.S.-China trade relations. Canada granted bailed to the arrested Huawei CFO, while President Trump said in an interview with Reuters that he would intervene if it would benefit U.S.