The
tensions between Russia and the Ukraine keep rising, this time Ukraine’s
president is announcing that a full war is imminent if Russia does not stop sending
troops across the border to help the Pro-Russian rebels. This has caused risk
aversion to come into the markets and the Asian markets have opened to the
downside. The Yen loses more ground versus the Dollar as well as the Euro. The
Euro keeps falling versus the greenback and it is very close to reaching the
1.3100 level. So far, the EUR/USD is at one year lows.
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Thank you for the analysis i'll keep an eye on USDJPY.
ReplyDeleteI often trade USD/JPY and EUR/USD, so thank you for the helpful analysis.
ReplyDeleteGood point, I want to be watching developments hoping tensions to weaken.
ReplyDelete