Better risk sentiment sees yen sellers return

Forex

                       

USDJPY and yen pairs all on the rise 30 May

DAX turning positive from opening losses and firmer oil prices have seen a better risk appetite this morning and we’ve seen USDJPY back up through 111.00 at the fourth time of asking after clinging onto support around 110.80

GBPJPY once again a prime mover up to test 143.00 resistance and that’s seen GBPUSD also on the rise and breaking up through 1.2850 to post 1.2871

The rally in yen pairs has put a bid under most core pairs and that’s meant EURUSD up to test 1.1150 and AUDUSD into 0.7450 again.

Rally sellers lurking though so we can expect good two-way business.

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