NY Session: JPY outperforms as risk sentiment deteriorates
Risk sentiment deteriorated amid continued European concerns in Spain and Greece, weak corporate results from multinationals which reflect global growth concerns, and weak economic data. The JPY outperformed even despite expectations of increase monetary easing from the Bank of Japan next week. This underscores the impact of the broader risk environment on the yen and also highlights its relationship to US treasury yields (UST yields fall and the JPY strengthens in times of risk aversion). We
FXstreet.com: Technical: Technical Market View
