Morning Report: 07.00 London

  • This morning, the Japanese yen is under performing after an overwhelming election victory for Shinzo Abe’s party. The news has provided confidence for Asian markets, reducing demand for the safe-haven yen. The yen pairs are all trading higher, led by the GBP/JPY.

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  • The dollar pairs are generally mixed, with the bulk of the action taking place on the yen pairs. One stand out loser is the NZD/USD which is slipping lower this morning.


  • Meanwhile, the British pound continues to stabilise, with the EUR/GBP trickling lower.


Coming up today: 
  • It is a quiet day ahead today, with the euro group meeting probably the only item of note.

Trade Idea: 

  • The USD/JPY is on the rise this morning, but we may not see a rapid rebound from here.



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