XE Market Analysis: Japanese Yen Hits Five-Month Highs as Markets Remain Nervous

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OVERVIEW

  • GBP rises after higher UK inflation data. 
  • Yen rises over 1%, prompting comments from the government minister.
  • South Africa’s President Zuma is recalled by his ANC party and will respond by tomorrow.
  • Global stocks are under pressure as risk aversion is driving FX gains for CHF and JPY.
  • Oil prices are at two-month lows as supply increases seen overtaking demand.

HIGHLIGHT