XE Market Analysis: Europe – Feb 14, 2019

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The Yen has continued to soften, while the Australian and New Zealand Dollars have continued to outperform. USD-JPY rose for a fourth consecutive day, this time printing a fresh seven-week high at 111.13. AUD-JPY, which is seen as both a proxy for China risks and a general forex market barometer of global investor risk appetite, rallied over 0.6%, posting a nine-day high at 79.19. Cautious optimism about the prospects for a compromise at the current round trade discussions between the U.S.