According to centralfx, the foreign exchange specialists, there has been support for the yen in early Asian trading, following the decision by US President Trump to order a cruise-missile strike on a Syrian government military airbase, in response to the alleged use of chemical weapons by President Assad’s government earlier in the week.
There was support for the yen with USD/JPY dipping to lows just under 110.15 with some defensive demand for US Treasuries and a move in gold, which strengthened to above $1,265 and the strongest level for near to 3 months.
Markets await the Bank of England Governor Carney’s speech later today for further indication of monetary policy.
