The most recent fall in EM assets has been driven to a significant extent by the US-China trade war, and some lost confidence in the Chinese economy and instead of acting as a safe-haven, the JPY became more closely aligned to Asian currencies and assets, according to Greg Gibbs, Analyst at Amplifying Global FX Capital. Key Quotes “The recent fall in JPY is consistent with weaker Asian currencies, albeit playing catch-up in the last week to falls in Asian currencies over the last month.” “Similarly, Japanese equities have looked a lot more like Asian regional equities rather than developed market equities in the last two months.” “In the past, the Japanese stock market was frequently negatively correlated with JPY, where a weaker JPY was seen to boost Japanese export revenue and inflation expectations.” “However, the reverse is true in the last month or so, JPY has been positively correlated with Japanese equities; in that, they have both fallen in unison. This is the normal reaction in Asian regional markets and again suggests that JPY is responding to regional investor sentiment.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD set to snap its three-week losing streak – TDS FX Street 5 years The most recent fall in EM assets has been driven to a significant extent by the US-China trade war, and some lost confidence in the Chinese economy and instead of acting as a safe-haven, the JPY became more closely aligned to Asian currencies and assets, according to Greg Gibbs, Analyst at Amplifying Global FX Capital. Key Quotes "The recent fall in JPY is consistent with weaker Asian currencies, albeit playing catch-up in the last week to falls in Asian currencies over the last month." "Similarly, Japanese equities have looked a lot… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
