XE Market Analysis: Europe – Mar 16, 2018

The yen has maintained a firming bias amid a mixture of geopolitical news and fresh drama at the White House in the U.S.. USD-JPY dipped back under 106.00, while EUR-JPY and other yen cross have also been trading with a heavy tone. News that Trump has removed his national security advisor, H.R. McMaster, has been a worry for some on the view that it might mean Trump will become more hawkish on foreign policy. Some market narratives also pin some of the yen’s gains on news that U.S.