This week we have seen all of the Japanese Yen crosses traded sharply lower today led by the sell-off in USD/JPY which dropped around 180 pips from last week closing price. This risk-off liquidation caught many traders by surprise especially after better than expected spending and jobs data from US. But if we look at broad picture the reason for this sell-off were on the cards due to Japanese stocks poor performance, weaker data from China and a significant depreciation in the Yuan, ongoing ten…
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