OctaFX | OctaFX Forex Broker
Open trading account

Nikkei tracks losses in Wall Street, Yen at day highs

FXStreet (Bali) - At the open of Asia, we are seeing follow through strength in the Japanese Yen on the back of an unchanged interest rates decision by the Fed earlier on Thursday, which threw the US Dollar under the bus.

The Yen appreciation in the current Asian session comes as the Nikkei 225 opens lower by about 1.4%, tracking losses seen in Wall Street, amid a risk-off environment. Judging by Yen options pricing, with calls significantly pricier than puts, the market still expects risk aversion dynamics to stay, thus the premium being paid.

USD/JPY: Bears testing Bulls commitments below 120 handle

USD/JPY dropped through the 120 handle as markets get going in Tokyo, following the Fed's decision to stay on hold for the time being, painting a bearish picture for the Global economy and attracting risk-off flows into the Yen.
Read more Previous

RBA Stevens: AUD value not seriously misaligned at this point

RBA Stevens is saying that AUD value not seriously misaligned at this point.
Read more Next
Start livechat