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21
Jun

Japan Won’t Intervene in FX Lightly, Finance Minister Aso Says


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Our View: True enough that the market has taken into account of some of the upward pressure on the yen due to global uncertainty and Brexit. But will the market stop pushing the yen higher if no action is taken from Japan? Will yen continue to strengthen if uncertainty...


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20
Jun

Yen Falls, Euro Gains as U.K. Polls Tip Toward Staying in EU


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Our View: The result is still an unknown though recent murder case has dampened bets for a Brexit. We have seen the pound appreciated over 300 pips for both GBPUSD and GBPJPY since the market opened this morning and continues to strengthen throughout the day. While we move closer to...