AUDJPY, H1
In an incredible day for global financial markets, the biggest FX mover so far is the risk sensitive AUDJPY with gains of over 2.5% as the US Equities markets open for the week.
The Yen and USD remain weak as US markets open for business with the industrials and value stocks for once leading the pack higher. At open the USA30 was up 1478 points or 5.23% to 29807, the USA100 added 81 points or 0.68% to 11975 and the diversified USA500 had advanced 124 points or 3.53% to 3634.
In the Forex market the risk on theme rumbles on – with heavy selling of the safe haven JPY and CHF, USDJPY rallied to regain 105.00 from its 103.17 low in opening trades today, whilst the AUDJPY rallied over 2.56% from 75.15 in opening trades in Asia to briefly breach 77.00 in European trading.
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Stuart Cowell
Head Market Analyst
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