XE Market Analysis: North America – Jan 15, 2019

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The Yen weakened and Dollar bloc currencies rallied amid a risk-back-on sentiment in markets, with Asian stock markets and U.S. equity index futures rallying after China announced the implementation of economic stimulus measures following the release of weak trade data yesterday. The measures Beijing announced include increased tax cuts. USD-JPY ebbed back some after rallying by 0.5% in printing a six-day high at 108.75. The biggest movers were AUD-JPY, NZD-JPY and CAD-JPY, which all lifted by more than 0.6%, though these crosses have also corrected from the highs.