The Currency Scene:
News, Events, and Stories about currency from around the world.

Talking Points:

Japanese Yen[1] continues to rise in thin, pre-holiday trade Key European bourses to stay shuttered through Monday OTC spot FX may foreshadow post-lull moves elsewhere The Japanese Yen rose in otherwise quiet Asia Pacific trade. The move built upon gains in the prior session, which took the currency higher against all of its G10 FX counterparts. Absent a clear-cut catalyst, the move may reflect markets on auto-pilot as liquidity thins into Good Friday holiday closures. European bourses will remain shuttered into the weekend and key exchanges in Germany, France, Italy and the UK will remain offline Monday. That means participation levels will remain well below normal levels until Tuesday, undermining directional conviction in the interim. Still, over-the-counter spot FX may offer something of a clue as to how benchmark assets may react when liquidity rebuilds if stray headline risk emerges during the lull. With that in mind, traders might be wise to keep an eye on price action telegraphing follow-on volatility elsewhere. See our free guide to get help building confidence in your FX trading strategy[2]! Asia Pacific Trading Session Yen Extends Gains, Spot FX May Offer Clues on Post-Holiday Moves European Trading Session No Data. ** All times listed in GMT. See the full economic calendar here[3]. FX TRADING RESOURCES --- Written by Ilya Spivak, Currency Strategist for DailyFX.com To contact Ilya, use the comments section below or @IlyaSpivak[4] on Twitter To receive Ilya's analysis directly via email, please SIGN UP HERE[5]

References

  1. ^ Japanese Yen (www.dailyfx.com)
  2. ^ building confidence in your FX trading strategy (www.dailyfx.com)
  3. ^ full economic calendar here (www.dailyfx.com)
  4. ^ @IlyaSpivak (www.twitter.com)
  5. ^ SIGN UP HERE (forms.aweber.com)

Read more from our friends at Daily FX:

Pin It

The Logo Story

currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

Visit the CurrenScene Media Page