Afternoon Report: Yen surged continues

Afternoon Report: 18.00

  • This afternoon the Japanese yen has extended its two day surge, fuelled by worse than expected US economic data. The USD/ JPY is down 1.00%, its biggest single day drop for some time, with the AUD/ JPY not fair behind at -0.84%.
  • The dollar has been under pressure across the board with the NZD/ USD extending its recent bull run and gold rallying 0.87% today.
  • The euro has been having a fine day of it as well after a successful Italian bond auction

Summary: