XE Market Analysis: North America – Apr 10, 2018

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The yen underperformed for a second day, while the dollar bloc currencies outperformed after China’s President Xi struck a conciliatory tone, pledging a more open economy and lower tariffs for automobile imports, at his keynote speech before the Boao Forum today. This aided stock markets higher in Asia and Europe, while S&P 500 futures were showing a 1.2% gain in overnight trading. USD-JPY settled around 107.00 after edging out a two-session high at 107.24 following a bout of general yen weakness that was seen during the Tokyo session.