XE Market Analysis: Europe – May 29, 2019

The Dollar and Yen had traded firmer amid a risk-off theme in global markets. USD-JPY fell to a two-week low at 109.15, despite concurrent dollar gains versus most other currencies. EUR-JPY hit a fresh four-month low, and AUD-JPY has come under notable pressure. The narrow trade-weighted USD index, meanwhile, carved out a six-day high at 97.98, while EUR-USD fell to a six-day low at 1.1158, returning last week’s two-year low at 1.1107 back into scope.