Happy Monday to all!
The yen is starting strong this week, with cash flowing back to safe haven assets, despite the Asian holidays taking the liquidity of Tokyo traders out of the equation. In general, sentimentality remains quiet, with the risk that moods will try to outweigh caution.
The pound also rose slightly earlier, but quickly gave up its lead as rumors emerged that Boris Johnson would meet Irish Prime Minister Leo Varadkar sometime in the near future. We do not expect any major breakthroughs in the progress of the talks, but it will still be interesting to follow. The local currency remains highly dependent on the development of Brexit, with all other positives remaining unnoticed under the mounting shadow of uncertainty.
Looking ahead to the day, a slow start to the week is expected given the fact that the economic calendar remains empty.
After the changes in the levels of risk sentiment.
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