JPY carry trade buying was the theme of the Asian session which saw the USD ease against the EUR, NZD, GBP and AUD but also saw the USD rally against the JPY. Broad-based gains in most Asian stock markets of 2-3%, helped underpin the risk appetite for JPY crosses.
Source:Forex Market Update: Japanese Yen Gives Back as Stocks Gain (Daily FX)
Time:
Thursday, October 9th, 2008 at 11:00 pm
Category:
Comments:
You can leave a response, or trackback from your own site.
RSS:
You can follow any responses to this entry through the RSS 2.0 feed.
Navigation:
