The JPY continued to be the domain of risk adverse trading on Wednesday as Japanese Treasuries found hungry investors as the Nikkei went into decline. The JPY is trading near the highest marks of its value. The AUD traded weaker also as bourses and commodity prices continues to show rather weak sentiment. Crude Oil dropped on demand concerns stemming from the belief that many of the major international economies continue to struggle. Questions regarding uncertain global outlooks are having their effect on currencies and equities.
Written by bforex.com