XE Market Analysis: Europe – Mar 15, 2019

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The Dollar has traded softer, thanks to a bout of selling during the Asian session earlier. USD-JPY led the move, with the pair turning quite sharply lower after printing a nine-day high of 111.90. While the decline mostly reflected U.S. currency weakness, a report by Russian news agency TASS that North Korea is considering suspending nuclear talks with the U.S. sparked some safe-haven demand for the Japanese currency. The BoJ left policy unchanged at its policy review today, as had been widely anticipated.