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    This blog consists of contributions from FX EDU staff, executives and people that have a relationship with FX EDU. In spirit of a blog, the posts are conversational and opinionated. However, they are not official FX EDU policy and not double-checked for facts. The authors are providing information that they believe to be true or opinions they hold. To verify information or check official FX EDU policy, please contact FX EDU through the firm's official website, www.fxedu.com.

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    Theme of the day: Yen Crosses Get Killed Across the Board!

    By Sean Hyman | March 27, 2009

    The dollar is strong, but the yen is the strongest. So while currencies vs. the dollar are down, yen crosses are down even more, due to yen strength this morning. 

    U.S. Stock futures are down…risk aversion is in play so far this morning, thus the yen strength.

    Biggest losers on the day in order are: EUR/JPY, CHF/JPY, AUD/JPY, GBP/JPY, CAD/JPY, NZD/JPY. So EUR/JPY is down the most so far …down 2.72% or a whopping 364 pips on the day!

    Also, an MPC member in the U.K. is speaking right now too. So be aware of that.

     

    Sean Hyman 

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    Topics: What To Look At In The Market |

    One Response to “Theme of the day: Yen Crosses Get Killed Across the Board!”

    1. forex beginner blog Says:
      April 1st, 2009 at 11:47 am

      As usual currency correlation that cause it to happen like that.

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