Yes folks, it's that strange idea of the yen as a safe-haven again.. I never really got that one to be honest
But hey that's what we're seeing as European equity markets wobble further
DAX down 2.23% as those VW shenanigans continue to weigh, and CAC40 down 2.31. FTSE down 2.25% completes as miserable a picture as the mouldy wet weather outside my window all morning
USDJPY has chewed through decent bids at 120.00 to look at the next lot between 119.80-85 and that's dragged EURJPY to 2 week lows of 133.98 but also finding decent bids around that level
GBPJPY is down to 185.40 from 187.08 Asian highs while AUDJPY also finds itself lower at 85.26 and that's given AUDUSD another shove lower to test the bids into 0.7100
I said to Jerry in the comments earlier that we would need to keep an eye on equity markets. And so it's proved.
Fragile and fickle forex, as ever
