Yen Crosses Rally on Risk Appetite

Published May 3rd, 2008 - 01:48 GMT
Al Bawaba
Al Bawaba

The Japanese Yen crosses all rallied against the US dollar as risk appetite returns to the market following the better than expected non-farm payrolls report.



All of the Yen crosses are higher, led primarily by the rally in USD/JPY.  Whether or not these moves can continue into the coming week will depend upon the market’s risk appetite because there are Japanese or US economic releases on the calendar.