Despite a strong post Thanksgiving Day rally in US stocks, Japanese Yen crosses remain very weak.
With the exception of AUDJPY and NZDJPY, all of the other Yen crosses ended the US trading session in negative territory. Last night, the US dollar fell to a new 2 year low of 107.56 against the Japanese Yen as the outlook for the US dollar continues to weigh on the market’s overall risk appetite. In the week ahead there are a lot of very important Japanese data that will try to wrest control of the Yen away from the equity markets.