JPY – Risk Appetite Rules For A Day

The JPY traded lower against the USD again on Wednesday and finds itself moving towards the weaker sides of its range against the greenback. This has come on the heels of a political upheaval in Japan in which investors may actually be ‘accepting’ of the ‘prospective’ new Prime Minister who has a financial ministry background. Asian bourses followed the American bourses higher as risk appetite increased. With the Non Farm Employment Change numbers due from the States tomorrow, traders may position themselves with caution leading up to the results.

Written by