XE Market Analysis: Europe – Feb 18, 2019

The Yen traded softer amid a risk-on backdrop in Asian markets leading into the London interbank open. USD-JPY posted a two-session high at 110.59, while EUR-JPY and AUD-JPY also lifted into two-session high terrain. This was seen concurrently with the MSCI Asia-Pacific (ex-Japan) equity index rising by nearly 1%. Japan’s Nikkei 225 closed with a 1.8% gain, while China’s SSE outperformed with a gain of 2.7%. Hopes that the U.S.