Japanese Yen Trend Analysis

The yen gained some respite in Asian trading on Thursday with markets turning more cautious ahead of the US payroll release

The Japanese political situation will also be watched closely with further speculation that an election will be called within the next two weeks. The dollar was holding around 96.60 in early Europe in generally tentative conditions.

As global stock markets weakened following the US employment data, the yen strengthened back to 95.80 against the dollar and 134.40 against the Euro.

By: Darrell Jobman