We have seen some risk-off in the markets today with equity indices and JPY pairs lower. Yen, Swiss franc and U.S. dollar have been the preferred currencies. Latest Brexit poll showed Leave ahead (55% vs. 45%) and that prompted a 150+ pip decline in Cable and a 200+ pip fall in GBP/JPY.

Commodity currencies have continued yesterday's pullback as did the oil while the gold remains supported. Canadian labour market data came in better than expected but the post-release dip was quickly bought into in the current environment.

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