Yen remains higher at the start of the European trading this morning

The yen keeps the major currencies against the backdrop of the softer risk tones, with the shares remaining weaker before the session begins. This remains the main trend of the week, with the yuan also remaining under pressure in the trading day to date.

This sentiment keeps the Aussie, Kiwi and Canadian back on their feet before the start of European Morning. It should be noted that the kiwi is at a three-year low against the dollar.

European currencies are trading in a narrow range and remain under pressure, but the session focuses on PMI data that expires in a few hours.

But overall, looking ahead, the sentiment fluctuation this week shows uncertainty in markets, with the main focus on comments from Fed officials in Jackson Hole, with the symposium starting tomorrow. Expect markets to remain in search of direction and trade in chopes during this time.

 Trader Aleksandar Kumanov

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance