JPY Higher in Lackluster Holiday Trading

Note  The table above is updated before publication with the latest consensus forecasts. However, the text charts are prepared ahead of time. Therefore there can be discrepancies between the forecasts given in the table above and in the text charts. 

Rates as of 0500 GMT

Market Recap

US markets were closed yesterday but the rest of the world was open for business but generally quiet.  European stocks were little changed while this morning in Asia markets are mixed, ranging from 0.47 for Japans TOPIX index to 0.53 in Australia. At the time of writing the SP 500 index is indicated up 0.1, having been down 0.1 about an hour earlier. What one might call Brownian motion in the markets. 

We may be in for a similar day today as US stocks and bonds are open for trading but with reduced trading hours. More to the point few people will be participating as most people take the day off and enjoy a long weekend also Black Friday shopping, when lots of stores have big sales. The excitement around this day in the US is extraordinary as is the competition for bargains you can see the result on the Black Friday Death Count website, which tracks how many people are killed on this day doesnt seem to have been updated last year though, but maybe no one was killed last year.

Reflecting the indecisive moves in equities, currencies were also generally little changed. The only notable move was in JPY, which according to Bloomberg strengthened on some mild riskoff sentiment thanks to…

What's your reaction?

In Love
Not Sure

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:News