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Stock impact report

FOREX-Yen stuck near 2019 lows as risk rally hits safe havens [Reuters]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Reuters
FOREX-Yen stuck near 2019 lows as risk rally hits safe havens - Reuters 3 Min Read * Yen breaches 112 per dollar as markets rally * Swiss franc also weakens, hits one-month low * Broader FX moves stay small on low volatility * Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh By Tommy Wilkes LONDON, April 15 (Reuters) - The yen dropped towards its 2019 low on Monday and the Swiss franc hit its weakest in nearly a month as a rally in global markets dented demand for currencies considered safe havens. Currency market volatility has eased significantly in recent weeks and moves were again muted, though there were signs that optimism over progress in U.S.-China trade negotiations and strong Chinese economic data was pushing investors into riskier currencies. The yen fell as low as 112.09 per dollar in Asian trading, near a 2019 low of 112.135, before recovering slightly as the European session got under way. “USD/JPY is testing the 112.00 level and we expect the cross to break above this Show less Read more
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