Yen pairs could be set to follow stocks higher as the market sees another round of risk-on sentiment.
Changes in investor’s risk appetite tends to have a strong influence on JPY given the currency’s reputation as a “safe-haven” asset. The few investors left in the market have been pushing the S&P500 higher over the last few days with the Christmas rally finally hitting the market. Given their daily correlation with the market index, are Yen pairs set to follow?
Read our latest analyst article for an insight of a few key FX pairs and important price levels to keep an eye on: