USDJPY yen strengthened against US dollar

USD / JPY: The yen strengthened against the US dollar

The yen strengthened against the dollar after the US airstrikes inflicted on militant positions "an Islamic state" in Syria. Such a statement was made by Pentagon spokesman Rear Admiral Dzhon Kirbi. The volume of trading in the Asian session low today, as financial markets in Japan closed for the official holiday.

Couple USD / JPY It is under pressure due to the flow in the yen as the currency of refuge and complete the trade on the difference between the interest rates, financed by the yen, amid increasing risk aversion due to rising concerns about global economic growth. These concerns rose after China’s Finance Minister comments that the Chinese economy is facing pressure, but Beijing does not "will make serious adjustments in policy" due to changes in any particular economic indicator. Such statements are weakened expectations for aggressive policy easing.

The euro traded near a 14-month low against the dollar, in the pre-release expectations index Markit Eurozone PMI for September at 08.00GMT. Sentiment towards the euro deteriorated due to weaker-than-expected preliminary index of consumer confidence in the euro zone, which in September was 11.4 (vs. 10.5 against 10.0 in August). Also, the European currency is under pressure in the expectation that the ECB will continue monetary stimulus in the coming months.

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