Forex Market Review (European Session) – Yen under pressure because of risk-on; pound catches breath after major up move
Posted on September 18, 2017 at 2:50 pm GMTThe yen remained under pressure during today’s trading as market participants were more optimistic on the global outlook. The pound retreated after climbing to its post-Brexit high versus the dollar due to some profit-taking. Safe haven plays such as the yen and gold remained under substantial pressure today as equity markets around the world marched on to fresh highs and concerns about a possible escalation of the North Korean situation were calmed by recent developments. A speech by US President [..]