15 Jul 2014
Risk sentiment hurts the JPU - BTMU
FXStreet (Barcelona) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ, underlines the softer tone in the Japanese currency.
Key Quotes
"The yen has continued to weaken modestly in the Asian trading session reflecting improving global investor risk sentiment which has been supported by better than expected second quarter corporate earnings from the US, an easing of investor concerns over the financial health of Banco Espirito Santo, and the ceasefire proposal by Egypt to end the conflict between Israel and Hamas in the Gaza Strip".
"The price of Brent crude oil has fallen back over the last month from a peak of just over USD115/barrel on the 19th June to currently just under USD107/barrel which is a relief given heightened social unrest in the Middle East, and provides a more supportive environment for global growth."
Key Quotes
"The yen has continued to weaken modestly in the Asian trading session reflecting improving global investor risk sentiment which has been supported by better than expected second quarter corporate earnings from the US, an easing of investor concerns over the financial health of Banco Espirito Santo, and the ceasefire proposal by Egypt to end the conflict between Israel and Hamas in the Gaza Strip".
"The price of Brent crude oil has fallen back over the last month from a peak of just over USD115/barrel on the 19th June to currently just under USD107/barrel which is a relief given heightened social unrest in the Middle East, and provides a more supportive environment for global growth."