The Yen is currently the most remarkable story in the FX space, as we go through the usual mid-August low liquidity patch. The Japanese currency continues to appreciate against the other majors, noticeably the Dollar and the Euro. The Yen, traditionally seen as a refuge asset, is still rising despite the good news that American tariffs on Chinese imports were to be postponed, which inspired a rally in risk related instruments, with indices like the S&P gaining over a percentage point during Tuesday’s session.
Photo by Emmanuel Appiah.
The weak Chinese data published overnight, showing the worst industrial output figures in 17 years, appears to have kept the market sentiment in check and this perhaps explains the rise of the Yen.
Has undertaken a number of senior roles in his current employer including running the international desk, responsible for managing sales, customer services and marketing functions for a number of territories, as well as acting as a regular public speaker at events and contributor to TV and other media through interviews and market analysis. Since November 2016 he has been the Senior Executive Officer (SEO) of ActivTrades Dubai branch, having overall management responsibility of the branch. Prior to joining ActivTrades Ricardo worked in the IT and Financial industries.
© 2019 High Leverage FX - All Rights Reserved.
© 2019 High Leverage FX - All Rights Reserved.