XE Market Analysis: Europe – Jul 31, 2018

The Yen looks to be coming back under pressure as the early European interbank crowd start to make their presence felt. USD-JPY has lifted back above 111.30, returning focus back on the post-BoJ announcement high that was pegged at 111.43 (which is a one-week peak). The AUD-JPY cross is showing the biggest movement out of the main currencies we keep tabs, with a gain of just over 0.5%. The BoJ announced steps to add flexibility in its stimulus program but pledged to keep rates low for an “extended period of time” while trimming inflation forecasts.