The yen was sent for a wild ride today as the currency fell sharply at the start of European trading amid a recovery in risk sentiment • The quick jump from 105.90 to 106.78 stalled at the 38.2 retracement level before settling lower around 106.20-30 • But after China issued a statement on trade/tariffs, the yen gained as Treasuries pushed higher with yields and equities both sinking • Right now, US 10-year yields are down at the lows for the day by over 6 bps to 1.515% • We Are Able To Buy JPY 10-15% below market using Interbank FX Options – PM For Details • Email Now To Access Our Next JPY Algo Trade Alert: inquiries@ppchk.net
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