By Martin Miller — Aug 02 - 06:00 AM
Risk-off mood hits European shares; Sino-U.S. tensions weigh nL4N2ZE1UQ
When risk aversion climbs, funds usually flow into the safe-haven yen
Japanese finance minister frets about 'hectic' yen swings nL1N2ZE03M
Yen set for biggest run of gains in more than 2 years nL4N2ZE1ZY
It's August: dollar usually suffers against yen nL1N2ZD1SY
USD/JPY has dropped from 131.88 to 130.40, on Tuesday, according to EBS
It trades under cloud base, now at 131.48, 1st time since Feb: very bearish
EUR/JPY's 30/60-day log correlations with USD/JPY are well above +0.50
Two currency pairs close in the same direction more often than not
Source:
Refinitiv IFR Research/Market Commentary