XE Market Analysis: Europe – Nov 16, 2018

The Dollar has traded broadly softer while the Yen has been an outperformer as U.S. equity futures tipped lower after positive Wall Street session yesterday, and amid a flagging sentiment across Asian bourses, even though Chinese markets managed gains. A senior Trump administration official cited by Reuters said that China’s written response to trade demands is unlikely to trigger a breakthrough at upcoming talks between Trump and Xi. USD-JPY ebbed back to a low of 113.21, nearing yesterday’s nine-day low at 113.09. EUR-JPY, AUD-JPY and other yen crosses have also declined.